Believe it or not, The Agency is still in development and currently on track for a PC and PS3 release in late 2011, according to Sony Online Entertainment president John Smedley.

In a conversation with Kotaku, Smedley explained how Sony isn’t afraid to delay a game to ensure its quality:

“There was a moment in time in our company where we looked at our own stuff with a clear eye and saw we have to do better, DC Universe was held for a year-and-a-half from when we wanted to launch it and now I’m very happy with it.”

Great news for those who have been looking forward to the spy-themed massively multiplayer online shooter.