Update: Seems like x-bit guys (who first reported on this) were mistaken and confused the fact that is only the 3.2GHz P4EE chip that is being phased out (eventually) while the newer 3.4GHz part will remain as their flagship Pentium 4 part. More than likely new additions will be made in the future however the chip giant plans to limit the Extreme Edition family to only one or two models, which does make more sense for a performance flagship product.
The Pentium 4 Extreme Edition - based on the server core known under Gallatin code-name - is the first desktop processor from Intel Corp. delivering 2MB L3 cache. But the company has confirmed that it will be phasing the chip out soon.
Citing a shift in demand towards "higher performance Intel processors", Intel has confirmed on Friday that it will be discontinuing the Pentium 4 Extreme Edition. The chip, which was unveiled during the IDF Fall 2003, will cease production sometime in November this year. Shipments will, however, continue until July of next year.