iTunes Phone on Hold

The Motorola (MOT Quote) iTunes phone drama continues.

Industry watchers have been eagerly awaiting the birth of a phone conceived in Motorola's labs using Apple's (AAPL Quote) iPod DNA. But iTunes fans will be disappointed to learn that contrary to industry buzz, there will be no delivery this weekend.

Tech blogger Engadget and the U.K.'s Inquirer newspaper said Friday that the inauguration of the so-called Rokr phone won't be happening at Virgin Mobile's V Festival concert Saturday and Sunday in the U.K.

TheStreet.com had reported last month that the hotly anticipated phone would debut at V Fest. Some analysts thought the concert -- a two-day event featuring 57 bands -- would make a good venue for the rollout of a music phone, though a Virgin Mobile U.K. representative said at the time that there was no plan to launch the phone at V fest. ...