vapourware?

I was up early inline for a 16 gig iPhone this morning. Problem was in my hillbilly town they only had 8 in stock. So back to looking at them online. Found this, looks good... if its not vapourware? Fingers Crossed.

BeatMaker introduces a new generation of mobile instruments and music creation software. Inspired by hardware beatboxes, loop samplers and software sequencers, it combines them to turn the iPod into a unique, inspirational software instrument.