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Noted in T2's report is:
"Fiscal 2008 guidance reflects the release of the first installment of episodic content for Grand Theft Auto IV for Xbox 360 in the first quarter of fiscal 2009 instead of the fourth quarter of fiscal 2008 in order to provide a better balance in Take-Two’s release schedule."
Now, before going overboard on this one due to the 2009 date, bear in mind that the company's first quarter (fiscal) begins on November 1st 2008. So, the content should be available for Christmas (aka, the 'The Holidays').
You can see the full report over here.
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