I said it before, and now it’s confirmed: Prey 2 will be delayed. In an official statement from Bethesda in the form of both a press release and a blog update, the developer stated that the game will not be cancelled, but will not release this year.
Development of Prey 2 has not been cancelled but the game will not be released in 2012 as planned. The delay is due to the fact that game development has not progressed satisfactorily this past year, and the game does not currently meet our quality standards. Prey 2 has shown great promise and we regret disappointing our fans. We have made a substantial investment in game development to deliver the experience fans want. We are determined only to release the AAA game that fans rightfully expect, and are unwilling to compromise our quality standards to meet a release schedule.
Citing quality concerns, Bethesda seems to indicate that the game is still expected to be released at some time, but did not say when. Make sure to check back; as more information is released, we will report it.