I agree. I'm not sure if Apple is intentionally limiting supply or if Apple is just bad at forecasting demand. Either way, I'm tired of Apple playing this game at every release. I'm ready to jump ship.Your answer is it's backordered and Best Buy hasn't done a good job keeping people updated. Funny enough, I had an email from them yesterday saying that it would be ready for pick up today as well, but the order status still clearly shows backordered and "processing". Needless to say, there was no Apple Watch at the store.
With that said, Best Buy should do a better job with communicating, however, I believe Apple is to blame for the shortage.