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You can expect "across-the-board graphical and technical improvements," which aim to deliver a "stunning new level of detail," Rockstar said. Specifically, GTAV PS4 will offer increased draw distances, finer texture details, denser traffic, and enhanced resolution.
GTAV for Xbox One, PS4, and PC will also include new wildlife, upgraded weather and damage effects, and an "array of new details to discover," Rockstar teased. These upgrades also apply to Grand Theft Auto Online, the multiplayer mode for GTAV.
In addition, all the new content for GTA Online released since launch--including new Jobs, weapons, vehicles, and properties--will be available on Xbox One, PS4, and PC. Finally, Rockstar said all current GTAV players will be able to transfer their GTA Online characters and progression to PS4.
Finally, GTAV for PC will feature a video editor that Rockstar says is designed for "advanced movie-making." It's unclear if this video editor will come to Xbox One and PS4. Preorders for the Xbox One, PS4 of GTAV will be available starting tomorrow, June 10. The game launches in full later this fall.