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Barozi said:

As I expected, here is the easy solution:

"One of these includes the question of size, with GTA V being the most ambitious and generously proportioned GTA game yet, dwarving Red Dead Redemption and GTA IV in scale.

This means that the Xbox 360 version will ship on two discs, one of which will be a mandatory install disc that will require 8GB of free space on your console's HDD. The second disc will then be used to subsequently play the game, which means no having to interrupt your GTA V experience to swap discs. Players with 4GB consoles can use a 16GB USB 2.0 Flash Drive for the install."

http://www.xbox360achievements.org/news/news-15424-Grand-Theft-Auto-V-To-Ship-on-Two-Discs--8GB-Install-Means-No-Swapping-Required.html


PS3 version also requires 8gb mandatory installation.

 

This initial install will require an Xbox 360 Hard Drive or an external 16GB USB flash drive with at least 8 GB of free space. If using a USB flash drive it must be at least USB 2.0 with a minimum 15mb/s read speed and formatted for Xbox 360 use. A new USB flash drive is recommended to ensure optimum performance.  For PlayStation®3, the game ships on one disc and will install content as soon as you insert the game. The install is roughly 8GB, and players will be able to play as soon as the install is complete.