Without warning, this afternoon Take-Two Interactive stunned the game industry by announcing it was delaying Grand Theft Auto IV to the second quarter of its 2008 fiscal year, which begins on February 1, 2008. Published by Take-Two subsidiary Rockstar Games, the crime-action title had been slated to ship for the Xbox 360 and PlayStation 3 in North America on October 16, 2007
http://www.gamespot.com/news/6176074.html?action=convert&om_clk=latestnews&tag=latestnews;title;0
I think this will punish both the PS3 and 360 in the most important sales season against the Wii.
GTA IV was the game I was most psyched for on the 360 this year, pretty bummed