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I've read news of a bundle, but retailers are making their own bundles I think. The "official" bundle has been announced in the UK, NZ (strangely, I've heard nothing here in Australia).
Here in Australia, there's a Xbox 360 Arcade + Halo 3 + GTA IV bundle (Microsoft bundle, not retailer) - all for $499.95. There's no equivalent PS3 bundle for GTA IV, but there are other game bundles such as PS3 40 GB + Uncharted: Drakes Fortune for $789.95, which isn't the best deal in the world (I got my 40 GB + 3 Blu-ray movies + BD remote for $688 6 months ago). If the GTA IV bundles arrives down under, it will most likely be at the same price (ie. $790). It's not much cheaper than just buying the console and game separetely though (actually, I think it's more expensive: $690 console + $78 game = $768).
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