Well, that's Schitty!
In all seriousness, no I don't think it's fraud or bait and switch, but they could have been more transparent and didn't handle this particular situation well.
They gave you information and you had choices at each turn. The first choice was either wait a little longer or cancel the order. The second choice was to buy the new model or not.
Would I have been upset? Probably. Did they do something criminal? No.
At no point were you forced to do anything against your will or taken advantage of in any way.
In all seriousness, no I don't think it's fraud or bait and switch, but they could have been more transparent and didn't handle this particular situation well.
They gave you information and you had choices at each turn. The first choice was either wait a little longer or cancel the order. The second choice was to buy the new model or not.
Would I have been upset? Probably. Did they do something criminal? No.
At no point were you forced to do anything against your will or taken advantage of in any way.