After weeks of speculation, Rockstar announced that Grand Theft Auto V will be set only in a fictitious Los Angeles, named Los Santos.

The much anticipated trailer for the game premiered Nov. 2. It looked more like a movie trailer showing off sandy beaches, golf courses, jets flying around a huge L.A. like city while a disembodied narrator talks about his wish to get out of the business.

The trailer answered few questions. We already suspected the franchise would be coming back to the made-up state of San Andreas, a recreation of California with pinches of Nevada and Arizona thrown in. The big question was whether or not the series would be set only in Los Santos or if it would include the rest of the state. Grand Theft Auto: San Andreas had a huge scope and included three major cities: Los Santos, San Fierro (based on San Francisco) and Las Venturas (based on Las Vegas).

Rockstar has kept mum on the subject when the trailer dropped, but has recently broken its silence. It confirmed the game would be set solely in Los Santos and its surrounding area. Though the game would only focus on one city, it will be the largest and most ambitious game Rockstar has yet created and a bold new direction in open-world freedom, storytelling, mission-based gameplay and online multiplayer.

Beyond that we don't know any more details on the game. Rockstar hasn't said anything about a release date, but word around the web is it will drop sometime in 2012. Check out the teaser trailer below: