It’s a good news/bad news situation, depending on how you view it: if you pre-ordered the game for as a Christmas gift, it’s bad. If it’s one of the many games on your Christmas shopping list, and you’re short on holiday money, it’s good – but not all that good.

Yesterday, Take-Two Interactive announced that BioShock 2 won’t be releasing within the company’s fourth quarter, as previously planned. BioShock 2 has instead been pushed up to the “first half” of 2010.

“The decision to shift a release date is never an easy one, especially with a product as highly anticipated as BioShock 2,” said Take-Two CEO Ben Feder. “We felt that it was essential to invest the additional time to ensure that this title will deliver what its fans expect and deserve.”

However, the move is worst for the company’s current fiscal year, which ends on October 31, but good news for its 2010 fiscal year, said Jesse Divnich, director of analyst services at Electronic Entertainment Design & Research in Carlsbad, Calif.

“I expect them to dominate fiscal 2010,” Divnich said. “BioShock 2, Max Payne 3, Red Dead Redemption, Mafia II, additional Grand Theft Auto Downloadable Content (DLC), and the possible launch of Agent should make fiscal 2010 the year of Take-Two. As far as I am concerned, Take-Two is just moving numbers from one financial year to another.”

[Bioshock 2 delayed; Take-Two's stock takes a hit via LA Times]

Update: G4 has posted the extended trailer from the game. Looks better than the original.

Original: Lead Animator, Tomas Hrebicek, has confirmed that the recently released Mafia II trailer was all created in real-time.

“It really was,” said Hrebicek. “All the scenes were completely created in our editor the same way we create cutscenes for the game. Our cutscene editor is a very powerful tool. Besides, we can see it all real-time which makes our work a lot easier. There was absolutely no need to modify the resulting video in the post production.

“Because everything was created solely in our editor, only our in-game scenes and models were used. So what you see here is great representation of the quality of work that you will see throughout Mafia II. Of course, this is not the end yet, and frame rate and other technical issues are still being tweaked in order to have the game working smoothly on all the platforms we create it for.”

2K Games has revealed a new screenshot for there upcoming game Mafia II. The screenshot takes place in "DELUCA’S RESTAURANT" where Vito is hiding out in a warehouse trying to take his unsuspecting enemies. Mafia II is being developed by 2K Czech for the PC, Xbox 360 and PlayStation 3 set from a release on October 31, 2009.

2K Games has revealed to us a piece of beautiful with this new concept art from there upcoming game Mafia II. The piece of concept art evokes the Max Payne look maybe 2k games is hoping that the game has the same success as Max Payne….maybe a Mafia II movie? The game will be available on PlayStation 3, Xbox360 and PC some time in the next year or so.