Instead, DmC: Devil May Cry (a prequel to the current series) will be pushed back to January 15, 2013 when it will release on both PlayStation 3 and Xbox 360. They also took this opportunity to announce that there will be a PC version available "later in 2013."
This will no doubt be a bittersweet announcement for the series' fans who vocally came out against the series' new direction when it was first announced. On one hand, there's no Devil May Cry for 2012, but on the other hand it will be a higher-quality title when it finally does release in 2013. It will be the first installment in the series since January 2008's Devil May Cry 4.