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Bandorr said:

For Halo it would have to be the former.  They have been working on it for so long that to be a launch release there just isn't enough time.

Where as Forza is going all next-gen.  Yet there is no release date or gameplay for something that comes out every year.

Last time Forza got split between two studio's. Wonder why they aren't doing that this time..

Yeah thats always been my exact thought, though im sure the slipspace engine was made with the series X in mind

Oh yea true that, I forgot they mentioned that about Forza, as for the two studios we do know playground games the ones who made the forza horizon games is making that new Fable, so with Turn 10 being the only developer now I gotta wonder if they will no longer release Forza yearly since like you said we have no release date for this one.