Unsurprisingly, the publisher cites the need to provided "additional development time for the title," as well as its revised outlet for the the remainder of fiscal 2009, due to lower-than-expected performance.
"The decision to shift a release date is never an easy one, especially with a product as highly anticipated as BioShock 2," says Chief Executive Officer of Take-Two, Ben Feder. "We felt that it was essential to invest the additional time to ensure that this title will deliver what its fans expect and deserve. As a result, we will now be launching sequels to several of our strongest franchises -- including BioShock 2, Mafia II, Max Payne 3 and Red Dead Redemption -- during the next fiscal year."
It should be noted that "fiscal 2010" for Take-Two starts in November, so there's a chance we could see BioShock 2 by year's end. But you know... any other big plans for this holiday?
[Update: It's official -- BioShock 2, Mafia II, Max Payne 3, and Red Dead Redemption -- will all see release in the "first half of calendar 2010," according to Feder in this afternoon's Take-Two financial update conference call.]