This morning, an internal screen shot of Best Buy’s (USA) inventory system has revealed spots for both the 16GB and 32GB white iPhone 4 models. The devices are further listed with expected in-stock dates of February 27, 2011.
The SKU and model numbers associated with the entries are reportedly the same as to those used by Best Buy when the company was taking pre-orders for the white iPhone 4 last year. The pre-orders were canceled when Apple killed the device.
It is mostly unknown if this is legitimate information or simply placeholders for an upcoming product release. Also keep in mind that February 27 is a Sunday and Apple normally releases highly-anticipated product releases on Thursdays or Fridays.
More recently, rumors of the iPhone 5 have been revealed, implying that Apple may skip over the Spring 2011 release of the white iPhone 4 and focus on the Summer 2011 release of the iPhone 5.

[MacRumors]
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