An insider reveals that significant progress has been made on the PC code of the game and development has finally picked up its pace over the year. The game’s look is supposed to be completely over the edge with tons of stuff returning from the original series (Shrink ray and Nuke button rumored to be confirmed).

Chairman Strauss Zelnick directly addresses reports stemming from his address to a business summit earlier this week, says industry sales shouldn't be so holiday-centric.

Take-Two Interactive Software Inc. said Thursday it reached settlements in all class action lawsuits regarding its "Grand Theft Auto: San Andreas" video game.

Today, though, came a flurry of reports that raised the prospect that the game might slip yet again from its Q2 2008 window. The reports stem back to Gamesindustry.biz's summation of a presentation at yesterday's 2007 BMO Capital Markets Interactive Entertainment Summit in New York City.

Strauss Zelnick, chairman of Take 2, has refused to narrow down a release period for Grand Theft Auto IV, saying the publisher won't commit until it's "utterly convinced" the game is ready."It's a fair question given that we weren't able to stick to our firm date the last time. We're going to give a firm date when we are utterly convinced that we have it and that isn't right now," said Zelnick during a BMO Capital Markets conference yesterday.

"October 16, 2007!" At its pre-E3 press conference last year, Microsoft showed off a Grand Theft Auto IV tattoo on Peter Moore's arm and gave a happy audience the magic release date for the long-awaited sequel.