They have just announced that Mass Effect 3 has been delayed and will be released on the first three months of 2012. Most of you will say it's a bad thing yes, but it isn't really. As a huge fan of the series, I'd rather have a polished third game coming out next year than a rushed project forced out on the holidays.
The announcement was posted in Bioware's Facebook page by Casey Hudson, Executive Producer Mass Effect series and said "The development team is laser focused on making sure Mass Effect 3 is the biggest, boldest and best game in the series, ensuring that it exceeds everyone’s expectations."
I'm fine with the delay, it seemed too soon for Mass Effect 3 to be released. When I saw the teaser trailer revealing Holiday 2011 I was excited at the same time worried that Bioware might be rushing it since Mass Effect 2 just came out Jan of 2010, that's a short development time and they were still providing DLC's for the second game. Moving it to 2012 gives them more time and focus to polish and give us an epic close to the Mass Effect series.
Mass Effect 3 is now multi-platform and will be out on PC, Xbox 360 and PlayStation 3.