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It would be awesome, playing a MMO in Liberty City. Not sure exactly how it would work at this point, but you could have gangs instead of guilds, but you could also play cops, fbi, shop owners, taxi drivers etc. You would be able to own shops, nightclubs etc. It would be awesome. Infact i wouldn't be surprised if this is what's already been planned for GTA V. The technology is available now, and with the amount of GTA players in the world, it would even have more subscribers than WOW. Imagine the monthly income generated!