Quotes from Sony Worldwide Studios chief Shuei Yoshida:
"We had the game playable," Yoshida explained. "At one point we felt that it would be produced for a certain time period. That was the time we prematurely talked about the launch window. But it turned out the technical issues are much harder to solve. So the engineering team had to go back and re-do some of the work they had done."
(The full article: http://www.eurogamer.net/articles/2012-08
I have this bad feeling that the game won't ever see the light of day, but I really hope it does, I think this generation good do with a major release of this type. Does anyone know of games that have been in this situation but made it through? (Excluding Duke Nukem)