Take Two (distributor of GTA) clearly stated that they don’t want to release a new GTA every year due to quality reasons. GTA IV was released back in April 2008 and received two expansions: The Lost and Damned and The Ballad of Gay Tony. GTA: Chinatown Wars and Episodes from Liberty City are two other GTA games worth mentioning.
GTA V Release Date in 2010? Unrealistic.
So, is it realistic that they will release GTA V in 2010? No, it’s not. GTA is a game franchise with a really high quality and you can’t develop a decent game in a year (Episodes from Liberty City was released in October 2009).
Is there a playable GTA V beta?
There’s of course a lot of internal testing, but I wouldn’t believe anyone outside Rockstar Games who claims to own a beta of GTA V. Rockstar Games would have revealed GTA V at the E3 this year if they really had a stable beta.