"Apple's announcement about the newly refreshed Power Mac G5 also marks the demise of the Power Mac G4 1.25GHz.
"Apple says that the 1.25GHz Power Mac G4 will be available while stocks last on the Apple Store and at Apple Authorised Resellers."
However, digitmag.co.uk says that:
"In announcing the new Power Mac G5 models, Apple also indicated that its single-processor Power Mac G4 models have been taken out of production. Since the Power Mac G5's introduction Apple has continued to manufacture and offer 1.25GHz Power Mac G4 systems in single and dual-processor versions. Apple said the ÂŁ850 Power Mac G4 "will no longer be in production and is available for purchase while supplies last."
So there is still some ambiguity. That would seem to imply that the dual-processor 1.25 GHz G4 Power Mac may still be with us for a while yet. Or perhaps not.

I suppose it has to happen sooner or later, but I'm not sure that it should be this soon. Demand for the Classic-booting G4 Power Macs has reportedly remained steady, and for some of Apple's traditional core markets in education, prepress, and publishing for example, there are still many users who resist switching to OS X for software compatibility or upgrading cost reasons.
Even some veteran consumer Mac users are reluctant to part with OS 9 booting. A friend of mine bought one of the 1.25 GHz G4 towers back in February specifically because he did not want to have a machine that could not boot OS 9, although he is now gradually making the transition to OS X at his own pace, much as I did. Longtime readers of this column will recall that my own incremental switch from OS 9 to OS X took about 17 months.
These days, both of my production Macs are running OS X 10.3.x, and I very rarely boot either them into OS 9 any more, but I'm still very happy to have it there. OS 9 can be a lot more tractable than X when you're doing troubleshooting and disk maintenance, and it's just a great comfort to have an alternate booting environment available.
I still fairly frequently get letters from readers who have purchased new OS X - only Macs, then discover that there is some favorite application that refuses to run in Classic Mode. As I noted here in Odyssey 573, there are a couple of Classic applications I find it hard to live without: the text-only browser, WannaBe, and Color It! 4.1, although both work fine in Classic Mode.
In any case, the handwriting appears to be on the wall, and if you want a new OS 9 - bootable Mac, you probably shouldn't let the grass grow under your feet. As of this morning, both the US and Canadian Apple Stores are still listing three different G4 Power Mac OS 9 bootable models:

1.25GHz PowerPC G4
1MB L3 cache
256MB DDR333 SDRAM
80GB Ultra ATA drive
Combo Drive
ATI Radeon 9000 Pro
Mac OS 9 boot supported
US$1,299.00
Dual 1.25GHz PowerPC G4
2MB L3 cache/processor
256MB DDR333 SDRAM
80GB Ultra ATA drive
Combo Drive
ATI Radeon 9000 Pro
Mac OS 9 boot supported
US$1,599.00
Dual 1.25GHz PowerPC G4
2MB L3 cache/processor
512MB DDR333 SDRAM
80GB Ultra ATA drive
SuperDrive
ATI Radeon 9000 Pro
Mac OS 9 boot supported
US$1,774.00
Get 'em while they're hot, folks. They may not be around for much longer.
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I will stay an OS9.22 user for a LONG time - I need the Chooser, the location manager , the Control Strip, the super-easy ability to backup and restore, old super good programs like the Late John McMullen’s Early Bird reminder, AudioShop, and tons of other stuff. I like Windows XP and OSX about the same… I bought 4 Pismo powerbooks so I can run OS9 for many years.