The Nexus 4 has been sold out for quite a while now. The best thing to do is try to ignore the allure of Google's latest smartphone. Google isn't making it easy though as the company recently posted a video showing off Jelly Bean's impressive Photo Sphere feature. LG is far crueler, however, as it's showing off just how awesome the Nexus 4 in its entirety is.
Everything on display can be found in the newest version of Jelly Bean, but the OS is only available on Nexus devices at the moment. Sure, you could download a custom ROM, but LG really sells the Nexus 4 here. It just makes you want to buy one, but alas, you can not as the device is still sold out.
In fact, the Nexus 4, Nexus 7 and Nexus 10 are all sold out. These are the only devices, aside from the widely available Galaxy Nexus, that officially support Android 4.2 at the moment. It's almost like Google is telling you to root your Galaxy S III and install an Android 4.2 custom ROM. Most carriers are now just getting to Android 4.1 so it will undoubtedly be a while until carriers upgrade everyone to the newest flavor of Jelly Bean.
Until LG fixes its hardware distribution, you can pick up Nexus 4 smartphones at inflated prices on eBay. The gadget scalpers are in full force offering Nexus 4 devices for the low price of $550 when the MSRP is only $300. At that price, you're better off just buying a Galaxy S III and installing a custom Jelly Bean ROM.