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Sony has announced that the PlayStation 3 will not be released in Europe until March 2007, some four months after the original November launch date. Citing production problems involving the console's Blu-ray disc drive, outspoken Sony bigwig Ken Kutaragi insisted that it will still be released on time in Japan and North America, the company's main focus areas this holiday season. Kuturagi apologized, but reports of his fingers being crossed behind his back when he promised that the PS3 will still be released here on time here are unconfirmed.

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Sony admitted to having problems mass producing the blue laser diode's found in the Blu-ray disc drive.

Looks like Microsoft and Nintendo will be having a less stressful holiday season, at least as far as Europe is concerned.

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PlayStation 3 Euro launch delayed [BBC News]