"...........will now run until September 2011."
".......replacement of Holmes 2, which will need to be delivered within the timescales of the Holmes 2 Enabling Agreement extension. "
Reading those two together, it doesn't take much use of the Crystal Ball to work out that the next massive fingerpointing exercise about time / budget overruns for a government IT project will be over Holmes 3 then.
Note to Civil Service IT procurement types. Learn from your mistakes and stop working on the assumption that throwing a shed-load of cash at a big IT consultancy can make pigs fly.