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They couldn't let Sony have a lead regardless of plans/changes to final product. But yeah I agree that they likely didn't want to release this early and/or they wanted to but as anyone software development/product development knows... things happen and that causes delays.

Remember all the rumors of issues with initial chips and code? I think that was all very true and took time away from finalizing the many features/language support you refer to. Thus a working but not finished product.