Rockstar have just announced via their blog that GTA 5 is coming in spring 2013. They used quite a saucy picture for their announcement, to get attention of course. I don't know about you, but she looks very like Kate Upton.
Anyway, it looks like the game will only be available on XBOX 360 and PlayStation 3.
It's set in the present day, in Southern California, but in the game the city will be called Los Santos, just like out of GTA: San Andreas.
Rockstar are saying this is their largest and most thriving game-world they have ever created. Which will be very interesting to see because when Rockstar want to make something good, boy can they do it in style.
The game will be up for pre-order next week, from the 5th of November. So I guess they're pretty sure it'll be ready by Spring.