Confirmed: GTA V Set In Los Santos And Surrounding Areas

Rockstar have confirmed the location in which Grand Theft Auto V will be set in. You guessed it, it's Los Santos.

Heavy speculation from the game's first trailer yesterday was that the game would take place entirely in San Andreas. Turns out that that's not the case. Rockstar North will be exclusively handling the developing duties on the game.
“Grand Theft Auto V is another radical reinvention of the Grand Theft Auto universe,” said Rockstar boss Sam Houser. “We are incredibly excited to share our new vision with our fans.”
Analysts are under the impression that the game will be out before summer 2012.

We'll keep you updated.