It's a pretty ballsy move to release a game so close to the release of next-gen consoles, but I have to say, the graphics in GTA V are very impressive considering they aren't next gen. Look at the GTA V graphics vs GTA San Andreas!
Crazy difference, huh?
The game will be based in "Los Santos" which is pretty much Los Angeles, and a map has even been released for the area. Click to enlarge the photo and dissect it a little more!
The game will feature three main characters which the player can switch between while playing, and you can find the leaked soundtrack list for the game online!