GTA V Trailer 2 Released!

As many of you may know GTA V Trailer 2 was released today. You can view a detailed analysis here :

However I wonder how consoles are going to cope with GTA V considering they could barely run GTA IV when it first came out back in 2008 and the huge graphical improvements found in GTA V, though Rockstar would've made improvements to the RAGE engine that should help it perform better on console and PC's, I'm sure most of you remember how hard it was to run GTA IV on your PC when it first came out, only after patch did it really run well.

What are your thoughts?