In an oddly-specific narrative published this morning, AllThingsD reported that sources close to Larry Page and Google Wallet have confirmed that plans for the physical Google Wallet credit card have been cut up, and VP of Wallet Osama Bedier pushed out of the company.
We exclusively reported on the Wallet card last November, when it appeared in a leaked version of the Google Wallet app. You could even initiate the card ordering process, suggesting the project was well on its way to completion. So, we waited. And we waited. And then we waited some more. The Wallet card seemingly went off the radar, and as Ron noted, the "new Google Wallet" sign up page still greets visitors of the Wallet site, like a big "Coming Soon" banner in front of that one restaurant that never seems to actually make progress on those renovations that have been going for like 6 months now.