Gentlemen, I come to you with news from the interwebs.
Doing some searching of BB and history of preorders showing "backordered" I have what I hope is factual and uplifting news.
Per BB FAQ:
Backorders
If an item you've ordered is on backorder, we'll send you an e-mail to let you know the estimated arrival time. You can choose to wait for the item or cancel it. Backorders remain active for 30 days.
If after 30 days the item is still on backorder, we will automatically cancel the item. We will e-mail you 5 days before we cancel the item to ask if you would like to extend the backorder. At that time, you may extend the backorder by contacting us. Extension periods vary by product.
Best Buy does not charge your credit card until the item is shipped. If you used PayPal, your PayPal account was charged at the time you placed the order.
Backorders benefit from our online price guarantee. If the price drops at the time of shipment, you will automatically pay the lower price.
A response from a BB rep on backordered preorders:
From my experience, whenever a pre-order item is changed to backorder status this generally means that the order is in the process of being fulfilled.
What my take on this is, if you have not received an email stating specifically your item is on backorder then your order is being processed. ...God I hope so...