I don't think Sony would have given a release window of 2016 if they didn't think they could make it. While I personally wouldn't mind another delay if it was needed, I don't see most of the gaming community agreeing with that thinking. With that said, I think it will release in 2016. They still have a lot of time before they officially have to give a release date.
Also, I'm glad that it will look much better at launch. I don't care too much about graphics but the game did look old.







