Take Two has released information today that Bioshock 2: Sea of Dreams will be delayed till sometime in the first half of 2010. The result in the decision was to give more time for the development of the game.

According to a conference call that this evening, Take Two’s Chairman Strauss Zelnick stated "We recognize that our revised outlook for the balance of fiscal year 2009, due to both internal and external factors, is a disappointment.  That said, we concluded that moving the release of  BioShock 2  into fiscal year 2010 was the right decision for the product.  We believe the result will be a more compelling consumer experience and a better performing product in the marketplace.  At the same time, near term retail conditions have proven to be more challenging for our business than the assumptions built into our prior outlook.  We remain confident in the long term potential for Take-Two’s business, and our ability to capitalize on that potential through our exceptional creative talent and solid balance sheet."

CEO, Ben Feder added "The decision to shift a release date is never an easy one, especially with a product as highly anticipated as BioShock 2. We felt that it was essential to invest the additional time to ensure that this title will deliver what its fans expect and deserve.  As a result, we will now be launching sequels to several of our strongest franchises - including BioShock 2,  Mafia II,  Max Payne 3 and Red Dead Redemption - during the next fiscal year. These titles will anchor our lineup for fiscal 2010, and along with other products planned for next year, provide a platform for enhanced financial performance in what we hope will be an improved retail environment."

They did stress that they have plenty of games coming up for the upcoming holiday season. Titles named were Borderland(360, PS 3, PC), Grand Theft Auto IV: The Ballad of Gay Tony (360), and GTA: Episodes from Liberty City(360), Beaterator (PSP), and a couple of unnamed Nickelodeon franchise titles.

Take Two also revealed that several games will be announced in the coming months for the second half of 2010, but were not ready to even reveal what studios were involved in the development. Stay tuned for more information.