According to www.fudzilla.com, the current rumours of a 2011 release for Rockstars Grand Theft Auto 5 are wrong. It has been 3 years since the last GTA and another game is definitely on its way with Rockstar admitting that a new instalment is currently in development. The major reason speculation has occurred about a 2012 holiday release, is that the contracts of many of the key people in charge of bringing Grand Theft Auto 5 to us are set to expire in January 2012. The key team members will be able to use the game’s release as a way of forcing Rockstar to offer new contracts. Whatever the case we will most likely hear from Rockstar at E3 in June.