While many have been planning on playing the newest installment of Grand Theft Auto this year, Take-Two has just announced in a press release that both the Playstation 3 and Xbox360 versions of the game have been delayed until the second fiscal quarter of 2008. The cause of the delay is apparently due to Rockstar requesting “more development time”. This may be a shock to many, however rumors were floating around that there have been technical issues developing both consoles. While purely speculation, this coincides with the rumors that Microsoft may be allowing developers make games with a hard drive requirement.

You can read the official press release here.