Speaking to Eurogamer today, a spokesperson said "it's looking like it'll be released after Table Tennis", Rockstar's first Xbox 360 title, which is due out on May 26th.
With the impending release of Sony's PlayStation 3 as well as the Revolution from Nintendo, it is probably in Rockstars best interest to release it soon, so likely they have a very good reason for the delay. And if it is for QA issues, who wants to play a buggy game? Game delays aren't always a bad thing.
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