For anyone who was looking forward to adding The Last Guardian to their Holiday wish list they better take it off because game designer Fumito Ueda has announced that the game will be delayed. In a statement posted on the PlayStation Blog Ueda states:

To provide more challenging and better quality of content to users and to fulfill First Party Studio’s obligations, I decided to postpone its release timing.

All the members of my production team are working together at a fast pace to develop and release the game in First Party Studio quality.

I sincerely apologize to all the customers who have been waiting for “The Last Guardian” for so long, but I beg for your patience. I will also announce the new release timing at a later time.

This delay will also effect the release of the ICO/Shadow of the Colossus HD Collection which was supposed to come out Spring 2011. It’s a bit of a downer but it’s always better to delay it and make a better product than rush it and put out crap or even cancel it completely. We’ll keep you posted on when the new release dates for these games is announced.

[via PlayStation.Blog]