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Most GTA games were timed exclusives for PS2, apart from Liberty City Stories and Vice City Stories being complete Playstation Exclusives!

My guess would be that they wanted push more out of GTA IV with PS3 because it has the superior hardware, and then after a year or two release it on 360, instead MS paid R* so they made the game and as you know Xbox 360 was hindering GTA development so they had to take some things out of the game!