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LOL MATURE said:
Yay.... so its not considered vaporwar anymore? because i remmeber a lot of people righting it of as such...

 

I'm sure it was essentially vaporware until they finished up with GTAIV.  After they signed the contract way back when, they probably had a small team working on a concept, and that was it.  Now that the team is free, however, I'm sure they're working on it in full force.