Here's the announcement from Summit Entertainment:

The Twilight Saga: Breaking Dawn – Part 2 – 11/16/12
Director: Bill Condon
Cast: Kristen Stewart, Robert Pattinson, Taylor Lautner
The astonishing conclusion to the series, THE TWILIGHT SAGA: BREAKING DAWN, PART 2, illuminates the secrets and mysteries of this spellbinding romantic epic that has entranced millions.


What? Not the 2012 summer release we were all expecting? Hit Fix has an article explaining the huge gap between both parts of the Breaking Dawn movie (part 1 comes out 11/18/11, and now part 2 is coming out 11/16/12)...

“After releasing both “Twilight” and “The Twilight Saga: New Moon” in November of 2008 and 2009, Summit made the
seemingly smart move of moving “The Twilight Saga: Eclipse” to a June 30, 2010 release date. This was because of both fervent interest from the franchise’s fanbase and the expectation that opening in the summer would allow for a larger gross due to the fact many teenagers would be out of school and able to see the film numerous times during the work week. Instead, “Eclipse” has grossed less than the previous chapter, “New Moon,” with only $288.1 million domestic and a total of $644.8 million worldwide so far. “New Moon” ended up with $296 million domestic and $709 million worldwide and it’s hard to see “Eclipse” matching that total as its grosses have slowed considerably. Considering “Eclipse” received universally better reviews than the previous two chapters and was the most action packed (i.e., male friendly) of the series this has to be something of a disappointment for Summit. Granted, there is no need to shed any tears as the studio and series creator Stephenie Meyer are still swimming in profits as the picture only cost $65 million.”

Click here to read more.

Here are some other positives about the release date that the Twilight Lexicon pointed out:

"The movies will film a la Lord of the Rings style concurrently from late October/early November 2010 until April/May 2011 in both Louisiana and Vancouver.

The footage of each film (and educated guess on our part) will appear at Comic Con 2011 and 2012

The movies will powerhouse the MTV Movie Awards, and the Kids Choice Awards.

Technological advances are occurring in CGI and other special effects. especially
the second part of Breaking Dawn can benefit from these advances. Spreading out gives more opportunity for these advances many of which are post production advances. Does this mean 3-D, or better Benjamin Button type tech? Unknown.

By doing Thanksgiving releases the movies avoid the 2012 summer crunch with the following movies that are bound to suck up movie dollars and be blockbusters: Batman 3, The Avengers, Battleship, Star Trek 2, G.I. Joe 2, Spider-Man and Superman. Eclipse has benefited tremendously from a summer of movies that were supposed to be huge like Robin Hood and Airbender and in the end didn’t live up to hype or expectation. Repeat box office dollars went to Eclipse rather than other films. Eclipse has thrown the gauntlet and claimed the Thanksgiving spots(spots that worked well for the first two movies). MTV discovered the same roughly a month ago when they had a discussion with a Summit executive."


So we have to wait a few extra months for part 2 of the Breaking Dawn movie, but that just means we'll have more time to be excited!

While we're talking about Breaking Dawn, USA Today has an article about why so many people, like Summit Entertainment, are looking to film in Lousiana (where the Breaking Dawn movies are being filmed).

And the Breaking Dawn book is now available in paperback! It includes an exclusive Breaking Dawn concert series DVD, featuring a performance by Blue October’s Justin Furstenfeld and a conversation between Stephenie Meyer and Justin Furstenfeld, a reproduction of the personal, handwritten lyrics for My Never by Justin Furstenfeld, a limited-edition, full-color Bella & Edward poster (on reverse side of book jacket), and more! Click here to order it on Amazon!

Sincerely, Alice
8/4

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