Rockstar has announced that it will be launching the next episode of its Grand Theft Auto series on the Xbox360 and PlayStation 3.

However games about to get excited, will need to wait until October 2007 before they will be able to get their hands on the game.

Details are sketchy at the moment as to how the game will play and look, however Rockstar, who is apart of Take Two Interactive, has said that the two version are currently planned to be in stores in North America on October 16, 2007 and in Europe on October 19, 2007.

Separately, Microsoft and Rockstar Games have announced a strategic alliance to provide exclusive episodic content for Xbox Live.

“This strategic alliance allows us to craft experiences that fully leverage the on-demand distribution power and sheer size of Xbox Live,” said Sam Houser, executive producer and founder of Rockstar Games.