I just called Epps, wanted to buy one. I was told that it's sold out, and the price posted on the website (1150$) is wrong, and the actual price will be 1499$. He also told me that the rifles did get sold for 1150$, so someone got very lucky. New shipment is expected in a month or so. Even at 1500$ its still a very good deal IMO.
As for ammo, their cheapest ammo is 77$ for a box of 10. Remington started making .338 ammo too, and it will be available for sale in late summer - early fall, at about 80-90$ per box of 20, which is very cheap for .338LM