No,, today is the end of Chinese new year,
Gatewait current excuse to net release the update for N3DS is
the reseller run out of the carts,
because of the Chinese new year they can not ship the cards to reseller,,
so there no point for release
Because the re-sellers run out, does not mean that they can't release.
The reason they should release now is because of all the current customers that own a GateWay.
If you heard that they can't release because no re-sellers have no stock, then that is a lie.
Releasing now will actually be beneficial as there will be a lot of people right now waiting for a release before they get a card.
Do the maths, you'll see that there is more money involved in releasing now than there is waiting for stock.
(Release = loads of pre-purchases = more stock to get = more money in the long run)