Actually as MakingMusic pointed out, development of GT5 didn't start at 2004. The first tech demo of a next gen GT was released in 2005 with the Vision Gran Turismo Trailer in E305.
Afterwards PD focused exclusively on GT5:P, and it was not until they released GT5:P Spec II, in April 2008, that they shifted the focus on developing GT5 full fledged.
I've posted this same things over and over again everytime a GT5 thread arises, so I won't even bother putting up the links, people wanting to check them out, search them at IGN, they're easy to find.
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