Just found this new article/forum combo that says guild wars will possibly be delayed to winter 2004/1st half 2005 instead of the original time frame of fall 2004.
"NCsoft has released their latest Investor Relations Report. Here is a brief quote: "In case of 'Guild Wars'..., original commercial launch schedule was 4Q, 2004 but could be delayed to 1st half, 2005..." So far, no official word from ArenaNet.
Gaile Gray has responded about the possibility of Guild Wars being delayed. Here is a small quote from her: "Might the window that was published in this week's financial report be accurate? Well, I guess it could be. Might Guild Wars release in the 2nd Half of this year? Yes, it might release then, too. It's sort of a big question mark right now."
Its just speculation -- nothing official from Arenanet -- so keep that in mind.