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Microsoft has Halo 3, Mass Effect, GTA IV, and a few others for '07 already. This game would do the 360 and itself much better service if it came out in January or February of '08 where there's little chance of it getting lost in the onslaught of games that typically are released in the October to December timeframe. Unless they can get it out in early September in a polished form, they should wait and work on it more. Plus, the extra few months of polish could likely turn this into a true "must have".
And in the long run, that's really what you want to achieve.
And in the long run, that's really what you want to achieve.