A post was made today on the official PlayStation blog that said Grand Turismo 5 would not be ready by November 5th. However, they did say the release date will be sometime in the holiday shopping season (I hope they don't mean 2011's Holiday shopping season).
"We sincerely apologize to GT fans for the delay, however, we want to make certain we are creating the perfect racing experience, and we are confident that this ambitious game will exceed expectations when it launches."
I know there was a bunch of sad gamers out there to learn of this news but, but let's hope that Polyphony Digital can deliver the game before the year's end.