NJ5 said:
Why? It doesn't make much sense to make a this-gen version when the next-gen consoles are starting to come out! The "10-year PS3 lifecycle" doesn't imply that the PS4 will come out in ~10 years... The people at Sony aren't crazy.
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So? Even if so GTA V would not be the first game which would get released on 2 Playstation consoles simultaneously. The PS3 will have a much larger install base around the time a PS4 or the next XBox launches. The PS3 is quite a bit more powerful than the 360 and is better equipped for the future with a default easily upgradeable harddrive and Blu-Ray drive. It will take developers years to come near to the PS3's full potential, so enough time to finish all the GTA V's assets in mean time to build upon the massive technology gains made meanwhile.