After much waiting, rumors reveal that the release date for the latest installment of the "Red Ded" series is set for next year, as noted by Venture Capital Post.

Althoug Rockstar Games have not confirmed yet, Cyberland reported that the specific date is set for October 2 if the development continues to go smoothly. The website noted, "My source says that Rockstar is currently finalizing their plans for GTAV and they are going to focus on RDR2 now. Rockstar expects the game to be out by October next year as long as the devs doesn't hit any road blocks during development."

Take Two's CEO, Strauss Zelnick, did not confirm the release, although he did tell VG247 vaguely that "We've launched one new successful franchise every year and I would like to keep doing that particularly because I talk about permanent franchises, but not everything is going to be a permanent franchise."

He also added, "I pretty much know the ones that I can assure you are permanent. It's obvious that 'GTA' is a permanent franchise as long as we keep delivering this incredible quality; it seems quite obvious that 'Red Dead' is a permanent franchise, again with the same caveat, or 'Borderlands,' for example, and 'NBA' and others."

Many rumors have surrounded the game, the latest being that it will leave the Old Western feel that it's known for, and the game will shift to a setting in Japan. As VC Post noted, it has been almost five years since the release of the last game, but a sequel has been confirmed in 2012 -- a good indication as any that there are still a lot "Red Dead" fans can look forward to.

While "Red Dead Redemption" usually revolves around John Marston, there are news that the new game, titled "Red Dead Redemption 2" will revolve around Yojimbo. According to Crossmap, Yojimbo is a 1961 film in Japan that revolves around the story of a masterless samurai or a ronin, and is considered to be a classic in Japan.

The website also noted that this could be a good backdrop to the game, considering that in many ways, Yojimbo's storyline mirrors that of John Marston.

Movie Pilot also noted that considering that "Red Dead Redemption" is set only 30 years apart from Yojimbo's story, there will be no need to sacrifice guns as the Japanese setting has them too, with the additional samurai swords that will make for a good gameplay.

It is also noted in a separate report that there may be new characters, considering that Rockstar Games gave GTA V new ones that brought variations to the gameplay, and will prove the same for "Red Dead." It is also a good way to introduce more diversity in the games.