Slashgear reports that Best Buy is no longer advertising the PlayBook and has even cancelled orders since there’s barely any demand for the lame tablet.

Customers on the Best Buy forums indicate that the company has cancelled customer orders, using the excuse that the it has “overextended itself.”

Best Buy has released the following statement:

Starting Sunday, November 20^th, Best Buy offered $300 instant savings to the BlackBerry PlayBook, reducing the price to $299.99 and $199.99 for the 32 GB and 16 GB, respectively. Customers have responded very positively to this short-term promotion available until Dec. 3 and, as a result, we are currently sold out of our inventory. We will have additional units available in the near future, at which time customers will be able to purchase the devices online at www.bestbuy.com.