I regenerate pricing lists on a regular basis using the Price List Report and different layouts.
Sometimes a product is still Status = active, but new sales may not be offered. In those case I thought of leaving it "active" and changing "I am selling this" to "no". Then if "I am selling this" was available in the reports I could use it as a filter.
PS. I admit I don't know how "I am selling this" is really used, and searching docs and forums returns nothing.