Sorry if this is old. Looks like the split is going to be announced on the 6th.
http://www.dailytech.com/Report+Bungie+Studios+Departing+From+Microsoft/article9139.htm
"Apparently MS just wants Bungie to make Halo for the rest of their natural days, and Bungie doesn't like how MS is constantly trying to "handle" everything they do; the way they market their games, the way they interact with their fans (basically the fact that they do appreciate their fans), and how stingie [sic] they are with the profits (comparable to the rest of the industry). So as of today they are their own independent entity."
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