Updated 1/23/2015 8:15PM ET: Best Buy is still cancelling preorders so keep an eye out of your email. Our very own preorder was cancelled due to overselling of original preorders. We only had 1 preordered so it is not just for those with multiples preordered. No one seems to be safe at this point; however, they are offering a $50 promotional code. Here is an image of our very own cancellation email that came in roughly 45 minutes ago:

Updated 1/23/2015 12:47PM ET: GameStop is taking a limited amount of preorders in-stores today. They are divided by region to give more access across the country. You will have to pay in full just like previously and not all regions may get supplies.

Updated 1/18/2015 4:50PM ET: GameStop customer service said that we have until Monday to pay in full for the order. They recommend changing the payment method to a gift card or credit card if you paid with PayPal as they had issues with some PayPal payments. They stated that no limit per household existed and that some people have 5 preorders for this item. This information comes from their 1-800 number as several local stores had no information about this.

Updated 1/18/2015 3:27PM ET: Our local Best Buy confirmed that they oversold the stock and are cancelling some preorders due to this. We will keep you updated as the situation develops.

Original Story:

The limited edition Majora's Mask New 3DS XL has been a hot commodity since it was announced a mere few days ago. Preorders have all but sold out at all locations where they were available in the US. We are now hearing reports that both Best Buy and GameStop will be cancelling certain orders of the bundle, which will allow for additional preorders and sells at a later date. GameStop is said to be cancelling any orders that are not paid for by the end of Monday. This does not pertain to all preorders - simply those who got processed when their payment system was offline. They should be contacting you if this was the case with your order. So on Tuesday - they may have more preorders available...

Best Buy is cancelling orders of more than 1 of the items as they are limited to 1 per person. They are also cancelling those who were late to order due to them overselling their allotted stock of the item. This means they should have more available in the near future, if they do not hold them back for in-store sales. Keep in mind that none of this has been 100% confirmed; however, we will be reporting any information we receive so be sure to check back.