Such a shame too, it was going to be the 360's counter-attack to the PS3. Poor Gates got it wrong...again.

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http://www.ps3portal.com/xbox360/article/248.html

Last year Bill Gates was quoted by Time magazine as saying that Halo 3 would essentially be Microsoft’s counter to the PS3 launch. However this statement was later contradicted by Robbie Bach, president of the entertainment and devices division at Microsoft, who said that “Halo 3 is something that we will ship when it is ready”.

In an interview posted on Engadget Bill Gates took back his original statement, saying that “It's up to the team [Bungie] when they want to ship [Halo 3], and they're going to take their time to make that a super great product, so even we don't know when that will come out".There is still much speculation about when Halo 3 will be released, some are still saying that a November release is possible; while others say that it is likely to be released alongside the Halo movie in the summer of 2007. One thing that we know for sure as of right now is that Microsoft has no plans of releasing Halo3 on the PS3’s launch day. If you would like to read the full Bill Gates interview, it can be found here.


Bill Gates interview: http://www.engadget.com/2006/01/09/the-engadget-interview-bill-gates-again/