Straight from the Nico Nico event. That Phase 3 will be delayed until June.

1 source says (the first I read of any of the Nico Nico coverage 'Dualshockers')
They are unsure of when Phase 3 will start they're awaiting Sony's approval of the PS3 client.

Another source says Yoshida himself wanted to delay it to polish it up before Phase 3

And lastly.. a 3rd source says that No devs made any mention of Sony needing to give the okay, and that they plan to launch the game "while it's still hot outside."

Lol.. Gotta love translations, but regardless of what's going on. I don't mind if they need to take some extra time to "polish" it up. Not everyone gets a second chance at launching a game.

SE has, and always will have, my full support.