Valve Software, talking with Computer And Videogames today, announced that Half-Life 2: Episode 2 would be delayed until Summer of 2007. The new entry in Valve’s experimentation with episodic content was initially supposed to come out before the end of the year, about 6-7 months after the release of episode 1. Now, the game will more than likely hit one year after the first episode. The goals of providing episodic content was to release playable content more frequently with shorter playtimes so that the large development cycles of major releases could be mitigated somewhat. With further delays, this seems to put the advantages of an episodic release cycle at risk. Even with the delays, though, waiting for Valve’s new content generally seems to be worth it.