Following yesterday's trailer release, Rockstar Games officially announces Grand Theft Auto V. They offer an assortment of GTAV logo desktops, backgrounds, avatars, and icons, and the following word on the open-world action sequel:

We are very proud to officially announce that Grand Theft Auto V is in full development.

Developed by series creator Rockstar North, Grand Theft Auto V heads to the city of Los Santos and surrounding hills, countryside and beaches in the largest and most ambitious game Rockstar has yet created.

A bold new direction in open-world freedom, storytelling, mission-based gameplay and online multiplayer, Grand Theft Auto V focuses on the pursuit of the almighty dollar in a re-imagined, present day Southern California.