Since Rockstar North's Grand Theft Auto IV (PlayStation 3 and Xbox 360) is a game that is eagerly awaited by many, a big release party at the Big Apple (New York for you folks not in the loop) has been set up to celebrate its arrival with the Xbox Live GTA IV Sweepstakes. The whole duration of this contest is from March 1 to April 14, 2008.

In order to participate, interested people must make sure that their Xbox Live account information is accurate down to the last detail, because failure to comply will result in an instant disqualification. The lucky folks will be chosen on or about April 23 and will be notified and have their prizes shipped using the contact info found in their profiles

Here are some of the prizes at stake:

• Four Grand Prizes: Four winners will score a four-day/three-night trip for two to New York City to attend the Xbox LIVE Gold Grand Theft Auto IV Launch Party.
• One Hundred First Prizes: Custom Xbox 360 Elite console
• Two Thousand Second Prizes: A Rockstar baseball bat
• Five Thousand Third Prizes: 500 Microsoft Points
• Three Thousand Fourth PrizesT: 1000 Microsoft Points
• Two Thousand Fifth Prizes: 1600 Microsoft Points
• Five Thousand Sixth Prizes: One-month Xbox LIVE Gold subscription
• Three Thousand Seventh Prizes: Three-month Xbox LIVE Gold subscription
• Two Thousand Eighth Prizes: One-year Xbox LIVE Gold subscription

Via Xbox