Latest seems to be that EA denied extra development time to Crytek in order to prevent the pc version of Crysis 2 outshining the console versions in terms of visuals.
Crytek are in the middle of releasing massive textures, a dx11 mode update & a patch to get them both working.
They called this "a gift
" even though Crysis 2 was billed as a DX11 game (dat false advertising) & Crytek were known more for pushing pc's to their limits than they were for actual gameplay.
It's safe to say the game will still be shit, but look great.
Crysis 2's sales on xbox 360 & PS3 combined failed to reach the numbers of the pc original (even with all the "baw, pirates halved Crysis sales numbers" complaints they had back then). I expect they'll choose another publisher whenever the option becomes available.