“Grand Theft Auto IV” Delayed Until 2008

GTA IVTo all of you dreading the wealth of promising games set for late 2007 release, you're getting your relief. Take Two Interactive announced today that "Grand Theft Auto IV" will be delayed until next year. The company is targeting its second quarter of its next fiscal year, allowing for a release some time between February 1 and April 30.

Take Two CEO Straus Zelnick said the game was delayed because "certain elements of development proved to be more time-intensive than expected, especially given the commitment for a simultaneous release on two very different platforms." according to a statement released to investors. "We all recognize that perfecting the game is vital and I can assure everyone it will be worth the wait. We owe it to the game’s millions of fans, to our dedicated development team, and to our shareholders to make sure that 'Grand Theft Auto IV' is a groundbreaking gaming experience that takes maximum advantage of next generation technology.”

Previous major "GTA" console games released like clockwork in the October of 2001, 2002, 2004. This marks the first major delay.

Rockstar Games, developer of the "GTA" series, has been proudly promoting the game for Xbox 360 and PS3 months, with no hint of a pending delay.

Look for more on this story later today at MTVNews.com.