I've been tracking the local Wal-mart inventory carefully. Finally saw some inventory updates last night, so I drove to the Wal-mart about 30 min away that supposedly had them. they told me they didn't have any, so I gave them the Wal-mart product numbers. They checked them and said they aren't valid. I happened to have all of the UPC numbers too, so they used those to find the items in the system. They went back and searched and found nothing. Interestingly, while the Asst Manager was in back searching for them, I overheard a conversation between him and the store manager. One of the employees had left a walkie-talkie on a charger at the electronics counter and left the volume turned up. The Asst Mgr could be heard asking (I assume) the Store Mgr about a new iPad 2 shipment. She stated that they were holding them for a weekend sale and so none were available now.
The Asst Mgr came back and told me simply that they didn't have any in stock, and that the inventory may show up as "in stock", even if they don't actually have any in store, because inventory changes as soon as the contents of a future truck/shipment are finalized. Sounds like b.s to me - especially since the Store Mgr implied that they had some in stock and were holding them back.
Anyway, I'm still looking for one ...