Sure, Mobile Syrup reported this morning that the Nexus One sold out of Mobilicity’s online and retail stores in less than 24hrs. But based on what I learned yesterday at the flagship Mobilicity store in Toronto at Kennedy and Lawrence, this isn’t surprising: one of the employees stated they only got 5 units into the store.

So, while this is sure to be considered a success (I saw two people in the 20 minutes I was there walk out with a brand new Nexus One, very happily) it isn’t nearly the iPhone 4-level success that Rogers suffered in the first few weeks of its release (and is still dealing with: see lines at Eatons Centre every day since July 30th).

Limited stock and Sold Out signs always create interest and demand, but let’s stay a bit skeptical at what “sold out” means in this case.