Update April 2: The release dates are in. It will release on the 8th of April for PC, Mac, and PSN on the PS3 in North America and on the 9th for XBLA on Xbox 360 and for PSN in Europe. It is scheduled to release on iOS some time next week as well.
The trailer for The Wolf Among Us: Episode 3 - A Crooked Mile is here. Readers of the Fables comics should look closely at the trailer, as you'll see that a fan favorite character from the comics will finally be making an appearance in the game. There is still no release date, but now that the trailer is out, it's pretty safe to say that the episode should be released within a week or two.