Yeah, I agree that the ending is much criticized without real reason as it is the 2nd part of a trilogy, like you said. Although, I would have liked to see the NPC vs. NPC scenes on Malachor V and other cut content, that's why I'm looking forward to the restoration pack. As for KotOR III, you're right about it not likely coming out this year at all, since we've seen what a disaster KotOR II was when done in a rush, so I doubt Lucas Arts is going to pull that off again. I'd bet 2007 as well. Yea, delaying games is annoying, I admit, but can lead to very positive results, which is why I don't complain when Bethesda delayed TES IV: Oblivion to this year... it won't be long anyway until it's out.
Yep. Although KotOR II was a disappointement to me, I can still understand if it wasn't the best ever if there is going to be a third KotOR. But Sith Lords was a fine example why it would be good not to release games too early - I'm sure it would not have had so many loose ends and would not have let me with the "huh? that's it?" -feeling, if there would have been only a few more scenes with the NPC's, for example, towards the end.
So same here, doesn't bug me if Oblivion is delayed. It just guarantees that I won't be disappointed - I loved Morrowind, so it'd be nasty if I'd hate Oblivion. Hope they realise the same thing with KotOR3 - though I agree with others here, I can't see it coming out before spring 2007. Not this year, ever, or there would have already been betas or screencaps and hype and all. It doesn't even have a name yet!