Our local reps couldn't provide us with the reason why the game has been delayed, and couldn't provide us with a more specific date than '2012', but we can only assume that - hopefully - the final release date will fall in the first half of 2012 at the very latest.
As a huge Metal Gear Solid fan, I'm pretty disappointed. I was looking forward to play what is probably my favourite MGS game in 3D, on my 3DS, but when you consider the fact that Metal Gear Solid 3 is being re-released in HD for the 360 and the PS3 late this year, I'll most likely just end up replaying Snake Eater on one of my home consoles.
The bad news just continues to pile on for the Nintendo's troubled handheld - I know plenty of folks who were planning to buy a 3DS specifically for this game. The fact that it's going to miss the holiday period, in addition to the fact that Snake Eater is making its way to home consoles early, is tough for the 3DS on a number of fronts.