GTA IV Delayed Until Q1 2008 On PS3 & 360
Via Gamespot
[UPDATE] Take-Two pushes back blockbuster to next year, saying "time-intensive" nature of dual-platform development; annual earnings estimate plummets by over $200 million.
I also read ths in PSM the other day. Apparently the real reason the game has been delayed is because of problems developing the PS3 version of the game, ergo Sony didn't want the game released on 360 sooner then PS3.*
Full Article Here
If you wan't to read the GATIV article in PSM go pick up the September issue, it's hard to miss.
* This was noted in PSM, not Gamespot