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If you have been eyeing the sexy Nexus 4 this holiday season, there is both good news and bad news in this report. The good news is that, although you can still see a red message saying “Sold Out” on the Play Store Nexus 4 sales page, you can still own Google’s sweet new handset. Google is now directing customers to purchase the Nexus 4 from T-Mobile. The message reads “Special Offer from T-Mobile: Get Nexus 4 for only $199 after a $50 mail-in rebate. Requires a new 2-year contract on a qualifying plan.”

Of course, the bad news is you’ll have to sign up for a lengthy T-Mobile contract. We say bad news, because for many, the selling point of the Nexus 4 is its contract-free availability at an amazingly low price.

Is the T-Mobile Nexus 4 still a sexy deal for you? Would you accept a two-year agreement or do you prefer to wait for a new batch to arrive on the Play Store?

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