GTA 5 Release Date

According to Doug Creutz, a Cowen & Company analyst, GTA 5 won’t be release before march 2012. The chance Take Two launches Grand Theft Auto V in the next financial year is too slim. After the release of Take Two’s financial results, Doug Creutz made the forecast in which the next GTA isn’t mentionned.
Michael Pachter, the famous Wedbush analyst, affirmed in december 2010 that GTA 5 is in development. He expects that it would be released by Q4:12 at the latest, as the contracts of the 3 main employees working on the GTA series developement (Dan Houser, Sam and Les Benzies) expire next year in january 2012.
Anyway between now and then, Take Two has some other aces up its sleeve, like LA Noire, X-Com and Duke Nukem Forever.

Michael "Mystic Meg" Pachter, the infamous Wedbush Morgan analyst, today predicted what most of us predicted nearly two years ago. He predicted that the next Grand Theft Auto (GTA 5) will arrive in late 2011 or early 2012.

""We fully expect the next instalment of Grand Theft Auto to be released by Q4:12 at the latest, as the company's contracts with the three employees most instrumental in the game's development [Les Benzies, Sam and Dan Houser] expire in January 2012""

— Michael Pachter on GTA V