In an interview with GamesIndustry.biz, SCEE president David Reeves casually mentioned the end of the 60GB model when asked if they would offer the European market a lower priced model, as SCEA did here in the States.
"Well, they're not really are they, because what the US are offering from the 1st of August is a USD $599 version with one game."
Reeves goes on to say that SCEA marked it down to move and that once it's gone, it's gone. When asked for the dreaded confirmation as to if this was the end of the 60GB model, Reeves replied "In America, yes."
Now don't you feel silly for quitting that second job.
[Thanks to everyone who sent this in!]
Update: Sony America says this is not what's going on. Right hand meet left hand. Nice to meet you?
[Clarification: We're waiting for an official response from SCEA, Sony's US division. Reeves is not an official decision maker for SCEA, and is speculating on behalf of SCEE, Sony's European division.]