Yep. The fuel pump is also pretty good at pumping air as well. When the fuel supply is exhausted, it will suck air through the fuel line connector between the pump and the tank.

Like Bob said, the fuel pumps are good one day and dead the next. They usually don't function in a partial capacity.

You might try getting yourself a jug of diesel fuel and manually plumbing it to the back of your fuel pump (make sure you use an inline filter of some sort). Cycle the key about 3 times and then start the engine. If it starts and idles fine then you will probably need to drop your tank and clean the screens (or perform the in-tank mods).

This is a fairly common issue.
Here is a link.
Welcome to guzzle's In-tank Hutch Mod Web Page