Yes and yes. As of September 2003, the projected release date is “Spring 2004″, but the most-recent Official Xbox Magazine had a nasty rumor about a possible delay to “Summer 2004″.For a glimpse at what Halo 2 may contain, take a look at the PC version of Halo. You want to be able to fly a Banshee around in multiplayer? You got it. You want a flamethrower? No problem. A rocket turret on the Warthog? Check.

Note: This question is now outdated as Halo 2 has been released and Halo 3 in officially in development for Xbox 360.

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