It'll be current gen. Obviously it might be ported across when the next gen consoles are out but it's primarily current gen
I reckon their first big next-gen game might be a Red Dead game
It looks like they've moved away from the moody style of GTA4 and gone for classic GTA fun, which is definitely a good thing. I enjoyed Saints Row 3 much much more than I did GTA4.
Ooh, that's a point, SR4 is out a month before GTA5. Thank god for Lovefilm