So what's stock looking like?

How should we know? Call your Apple store and ask. In the time it took you to write your post, you could've checked inventory in at least 1-2 Apple stores.

 

Well, depends:

Some sources are saying that Apple is going to clear out the waiting lists this weekend and shift to a 'first come, first served' sales model for iPhone 4's (and iPads). I think this is due to several stores with lists so long that they're not allowing people to add their name, effectively locking customers not on those lists out of purchase.

Now, some other sources are speculating that after this big push, we won't be seeing any iPhones - black or white - until September due to a hardware revision, but that seems incredibly unlikely to me.

 

Your wait time for iphone 4 is 3 weeks.