Kaz Hirai revealed that PlayStation Home has been delayed until early 2008.
The 3D social network for PlayStation 3 was originally scheduled for launch this Fall. Rumours had been circulating of a phased rollout, but now it appears the company has decided to move to a worldwide launch next year.
Kaz explained that the delay was not for technical reasons, but rather down to regionalisation. He (or perhaps Sony as a company) wants to have the full range of services available worldwide, along with a managed environment as opposed to a lawless one.
He also said the delay was a response to user feedback.