yes there is a way
The built-in "update inventory" feature of x-cart only lets you change the price and quantity values for each product. In order to perform a "bulk" update of availability you will have to use a MySQL database editor such as phpMyAdmin.
I am on Mac OS X, so I use a program called CocoaMySQL. It lets me export the products table to a csv file just like xcart does, but I can update any/all data in the table this way and then re-import the products without creating duplicates. It took a few tries to get the export / import settings right so they would work with everything. I know there are tons of these programs around for Windows and Linux also. Be careful, though, and BACKUP FIRST!! ALWAYS!
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