Yes, Grand Theft Auto V is set in Los Santos and will have multiplayer

You've likely gleaned as much from yesterday's big Grand Theft Auto V debut trailer, but this morning's official announcement of the game from Rockstar confirms a "Los Santos" (Los Angeles-ish) setting, as well as the return of online multiplayer. "Grand Theft Auto V focuses on the pursuit of the almighty dollar in a re-imagined, present-day Southern California," the release reads, specifically pointing to "Los Santos and surrounding hills, countryside, and beaches" as the locales.

Predictably, the announcement calls GTAV "the largest and most ambitious game Rockstar has yet created," and company co-head Sam Houser characterizes the project as "another radical reinvention of the Grand Theft Auto universe." From that debut teaser, we're ... awaiting further evidence of that "radical reinvention" Houser promises. But hey, at least it looks like planes are back in the mix!

Despite making the game even more official, Rockstar has yet to announce a release window or platforms for the Rockstar North-led project.

This article was originally published on Joystiq.