Grand Theft Auto IV was announced at E3 today, scheduled for simultaneous release on PS3 and Xbox360 in October 2007. An official teaser site has been set up by R* as well.
Apparently there will be exclusive episodic content available via Xbox Live. And modders will surely be locked out right from the start. But there won’t be a PC release within the next 2 years anyway, so no point in ranting quite yet.
Related T2 press releases: