At the time of the announcements of the new iPod Nano, Apple officially offered it in two capacities, 8 and 16 GB. They ended up admitting that they had also manufactured models of 4 GB for specific markets, with a price tag a little lower.
However, they were quickly found in the Carrefour stores, and now (thank you Arnaud) also are sold in FNAC with the price of 129.
As the difference with the model 8 GB is only 20, it would seem that Apple has decided to mass produce them in order to propose a slightly better pricing compared to the competition.
[translation by crispin]