Do you prefer longer or shorter announce-to-release cycles?

Shorter. When the time between announcement and release is too long I kind of get bored waiting. Speculation goes wild, people get their hopes up for things that won't happen, people argue, bleh. Plus knowing the stuff is coming always makes me want to hold off on my current game which sometimes puts me off playing altogether. Knowing a GP a week in advance gives my time to set up without dead time.