Jared Smith, the new Fedora Project Leader, announced last night that the decision was made by the Fedora engineering, development, and QA teams that a delay was in order for this release that is codenamed Laughlin. This decision was made as the Fedora 14 Alpha release was not ready and they felt an extra week was needed to get this first test release in order. With the alpha release slipping, the entire release schedule has been pushed back by one week time.
Rather than Fedora 14 "Laughlin" officially being released on the 26th of October, it's now planned for release on the 2nd of November, barring anymore delays. The revised Fedora 14 schedule can be found on the Fedora Project Wiki. The announcement by Jared last night was made on the fedora-announce list.