News: "Go West, young man" indeed.

As America grew in the days of the wild west, "Go West, young man" became the mantra of those looking for adventure and excitement. After completing their own take on the wild west, Rockstar may be heeding that advice as rumor has it that Grand Theft Auto V will take place in Hollywood.
The source of the rumor appears to be a rambling conversational post on VG247. The GTA5-relevant portions are at the very end:
?It's GTA V.?
?About time.?
?It's not easy.?
?I know. Did you get the setting??
?Yeah, I did.?
?And??
?It's set in Hollywood.?
?OK.?
?Really??
?That's what I've been told.?
?Seems small.?
?Yeah, well. I didn't make it.?
?Who??
?Come on.?
?You asked Rockstar??
?No comment.?
?Right.?
?They're going to announce it soon.?
?When??
?I don't know. I think it's going to be at the Max Payne 3 event. ?Soon' is all that was said. I doubt GI's canvassing opinion on location for fun.?
?I saw that, yeah.?
?That's it.?
It would be easy enough to dismiss this as a practical joke, but Eurogamer checked in with some of their own sources and it appears that Rockstar representatives are doing location research in the Hollywood.
For their part, Rockstar naturally replied with a "No comment" to all the Hollywood talk.
Hopefully, we'll have more soon. Maybe from a Max Payne 3 event...