Quality of GTA5: Will it be held back by consoles?

I am fairly confident that Rockstar will not disappoint in features or gameplay, as they did with GTA4.

My only concern is that it could be held back graphically on PC by being released on the current and dated consoles. Since the first info released, I've been hoping that it was going to be developed for the new gen, but now it seems that's not going to happen.

What are your opinions for the quality, regarding it being released on current gen consoles?

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