Originally planned for a March 2012, Rockstar Games revealed this morning that the game will get a new launch window.
In Max Payne 3, players go to São Paulo, Brazil, where the game is set
https://kotaku.com/rockstar-studies-the-cops-n-robbers-of-sao-paulo-for-ma-5874588
Remedy Entertainment, creators of the original Max Payne, recently said what Rockstar Games has done with Max Payne 3 is brilliant. It does feature what sounds like very cool multiplayer.
https://kotaku.com/remedy-says-what-rockstar-has-done-with-max-payne-is-b-5876306
The game will be out May 15 in North America on the PS3 and the Xbox 360; its international release is May 18. The PC version will be released May 29 in North America and June 1 internationally.