I'm firmly of the thought we will know the release date around 3 months prior to release at the latest. It could be a bit less, it could be a lot more, but I don't see it coming out this year. No release date has been provided to retailers yet, but whose to say a release date annoucenemtn won't come out tomorrow.
If "soon" really does mean "soon" in this context and not just "it's coming" then we could see a strategically timed annoucenement just post the PS5 launch to help keep console orders high. But soon is highly open to interpretation, soon can be minutes, hours, days, weeks, months, years etc.
I'd be inclined to take years off the table when saying something is coming soon in relation to computer game release dates, but it could also just be a badly chosen word by whoever manages that account.
Tangentially it could also just mean more news is coming soon. It'll be interesting to see what happens, but I'm sure we're all hopeful GT7 is ready and will meet our expections as soon as possible.