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A franchise like GTA would probably lose a lot of its fanbase if it became unavailable on the Playstation/XBox though.

Resident Evil was quickly switched back to being multi-plat once Capcom saw that the GameCube wasn't giving them the sales they wanted for instance. I don't think the situation would be all that dissimilar for GTA.

I don't think Nintendo wants any part of marketing/selling a game like GTA themselves either. Far too controversial.