No you didn’t misread that. Apple just announced this morning that they would be delaying the launch of the white iPhone 4 until ‘late 2010.’
Here’s the full statement from Apple:
White models of Apple’s new iPhone® 4 have continued to be more challenging to manufacture than we originally expected, and as a result they will not be available until later this year. The availability of the more popular iPhone 4 black models is not affected.
Sucks for those who patiently waited.