Today, Sony officially conceded defeat to the recent flurry of rumors and speculation, with Japanese newspaper Nihon Keizai Shimbun reporting the machine has been pushed back until November.
There aren't many details out right now, but Sony says issues over the finalization of copy protection technology related to their Blu-ray disc drive is the cause of the delay.
When asked for a comment, a Sony Computer Entertainment America spokesperson only went on record saying that SCEI has not issued any official statement itself yet.
As the news is coming out of Japan, that creates a worrisome scenario for America and Europe. There were already rumblings Sony wouldn't be able to launch in all territories before the end of the year, but missing out on the Christmas season over here could prove a deadly blow to Sony's next-generation plans.
Somewhere in Microsoft's offices, Bill Gates just opened a bottle of champagne. With more details expected at tomorrow's PlayStation conference and the Game Developers Conference just around the corner, it appears the flood gates (for good or ill) are about to be unleashed.