It's just taken a long, long time for Konami to announce anything official. But according to Eurogamer the game's not coming until next year, somewhere between the dates January and March 2012.
The game was originally due out in November, but Konami's been keeping schtum about the project for a good couple of months now.
The publisher's handling all of its titles in a bizarre manner at the moment. It's also refused to attach a date to the Metal Gear Solid HD Collection, despite reports claiming the project has been hit by a delay.
Hopefully Downpour can benefit from a couple of additional months in the oven.