About the same time he*l freezes completely over (!_!)
Seriously though, last time I heard an official release date, it was scheduled to be out last October. Haven't heard anything official since then. But there was an interview with one of the lead dev's where he said something along the lines of "not being able to understand how anyone would want to play it on the PSP". My guess is that it's (unfortunately) probably as good as dead. It'll probably have to have some killer PS3 connectivity feature to be released at this point. Or maybe the next PSP will have some changes that make it "worthy" of Gran Turismo. Who knows. Lack of dual shock and a second analog stick would certainly make it less fun on the PSP, but I was still really looking forward to it.
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