BioShock 4 Status Update: There's Good News and Bad News...

2K has confirmed the troubled state of their long-in-development BioShock project at their internal studio Cloud Chamber. Unfortunately, there were layoffs as the project refocuses. But the good news is that they've brought in a familiar face whose reputation is getting games shipped: Rod Fergusson. IGN's Ryan McCaffrey and Mark Medina discuss what it all means for the next BioShock game, and when we might finally see it get released.