According to the studio's co-founder and the head of CD Projekt Red, the decision was made to give the team time to balance the game and fix bugs before its release.
“At the time we are writing these words, Cyberpunk 2077 is finished both content and gameplay-wise… But with such an abundance of content and complex systems interweaving with each other, we need to properly go through everything, balance game mechanics and fix a lot of bugs.”
The studio says it understands the disappointment fans must feel but says the decision was made to give the game lasting appeal. As a peace offering, CD Projekt Red says that it's offered journalists a demo of the game and says that previews with their impressions will be arriving shortly.
What does that mean for next-gen consoles?
CD Projekt Red has already announced that the game will be coming to next-gen consoles… but says that an enhanced version likely won't be available at launch.
There's always a chance that the extra time in development might change things on that front – with a cross-gen launch – but don't get your hopes up.