HL2: Episode Two delayed until Summer 2007

Speaking to CVG, Valve's Doug Lombardi confirmed that
Half-Life 2: Episode Two -- which includes
Portal and
Team Fortress 2 -- has been pushed back from early 2007 to Summer 2007. As the title was already expected to miss the holiday season, it shouldn't be too much of a financial burden for Valve to hold off and fine tune the titles.
Seeing
Portal delayed is a bummer, but
Team Fortress 2 has been in development since 1999; to see a game so close to escaping the vaporware stigma is agonizing.