First post - long time reader - been holding this stock for over a year. Finally getting excited at the prospects.
The way I see it the delay is about them buying time.
Time for what?
My take is they have a new website coming out 1Q 2006. They want to make sure this thing is working like a charm (no bugs) and stress test the hell out it before there is a national rollout sending many more potential subs to the site.
I also bet they maybe giving themselves some time to gear up from all directions (marketing, dvd & game stock, servers, customer service, etc etc).
If CC was not happy, they would have cut bait - buying time is a mutual decision, which means they are still acting like a team - smart.