Official Xbox Magazine in the US has stated in their rumour section that they expect Rockstar Games to lift the lid on the hotly anticipated GTA V this summer.
Their expect wording was: "Time's up, says The Ball. Expect Grand Theft Auto V to be announced later this summer."
Rumours also state that the game could well be set in Los Angeles this time around, with no fictional city being banded around this time. We'll have to wait and see.