Is there going to be a grand theth auto 5

Absolutely. But where it will be located, what the setting is or when it will be released, nobody knows yet. The best thing to do is keep your eyes on the various games forums, and they will announce any news of this.

It may interest you to know that the following dedicated GTA forum actually has a topic called "GTA V?", which you might like to read or even contribute to:


www.gtaforums.com