The rumors are that the 8GB variant of the Nexus 7 will be replaced by the 16GB variant—staying at the $199 price point. Droid Life noticed today that the Google Play store is currently showing the 8GB Nexus 7 as out of stock. Could this be a signal for the 8GB variant’s end of life?

The industry is jumping to claim that we may never see it again and that it will soon be replaced with the 16GB N7 for $199 followed by a 32GB N7 at $249. I’d tend to agree with that idea, especially after the number of 32GB Nexus 7 devices we have seen over the last couple of weeks. We were wondering if maybe the 16GB version would be disappearing, but this would sort of suggest that the 8GB model’s life has come to an end.

If the 16GB version moves down, the 32GB variant is rumored to move into the top spot—priced at $249. We’re sure to hear more at Google’s Oct. 29 press event.