As expected, Ubisoft has delayed Tom Clancy’s The Division out of the current fiscal year. The title, which was first announced at E3 2013, is an under the leadership of Ubisoft Massive and now leverages at least three of Ubisoft’s studios, including Red Storm and Reflections.

Ubisoft now expects the game during calendar year 2015 (April 1, 2015 - December 31, 2015), but not before the end of this current fiscal year (ending March 31, 2015). Ubisoft will have more information at E3.

http://www.gameinformer.com/b/news/archive/2014/05/15/ubisoft-subtracts-the-division-its-2014-release-calendar.aspx

This looked interesting when they announced it.