See this month's American Handgunner for a complete story, but it seems that they are in production, they are letting those with backorder postions upgrade to the .380 if they like, so getting one this year will be a matter of luck and who you know. Given that the MSRP on the .32 is $450, anything above that is what the your local dealer figures the market will bear (that's not a slam, just an observation, I'm all for profitable gunshops).
The retail price is a question of scarcity and snob appeal, as clearly the Keltec .32 does everything the Seacamp does and is more tolerant of a variety of ammo, and there's a good selection of little .39=80's already on teh market. FWIW, I've only held one, seems like a REAL nice little gun, value is in the eye of the beholder, YMMV. M2