News around the net has been that Prey 2 was cancelled, but it seems that Bethesda would like to quash that rumour and have made an official statement to let you all know that Prey 2 is still going to be released, just not in 2012.
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.
So basically, they’re polishing it so hard, it should be as perfect as they can make it. At least, that’s the theory and if put into practise, Prey 2 could actually turn out a real AAA title.