It’s about freakin time Sony admitted things are falling behind schedule. It’s seemed that way since last year’s E3, and it’s only gotten worse.

From 1Up.com’s coverage of the story: Today, Sony officially conceded defeat to the recent flurry of rumors and speculation, with Japanese newspaper Nihon Keizai Shimbun reporting the machine has been pushed back until November.

There aren’t many details out right now, but Sony says issues over the finalization of copy protection technology related to their Blu-ray disc drive is the cause of the delay.

Rumors are that the console will be released in Japan in November, which probably means the PS3 will miss ANOTHER Christmas in the States. Wow.

Thanks Fico.