GTA IV was 7 years ago, you cant compare a next gen game to a 7 year old game...Also gonna throw in, Rockstar doesnt give two shits about the "police" community. The point of the game is to break the law, not enforce it. Ill get it regardless if LCPDFR or whatever you wanna call it will be released. I like GTA because its a good game in itself.
You could get a 500$ PC that could run GTA V lol. No need to spend 1700, but if you want to, go for it.