Crago confirmed that "it's got - I'd suggest - another year or so to go". He also mentioned that it "could be the biggest budget videogame in development anywhere in the world. It would certainly... in terms of console titles, be in the top ten... LA Noire is a massive massive project."
And last, but by no means least, he mentioned that the game is coming to PS3 and 360 - up until now the title has only been confirmed for PS3. We'll let you know as soon as we can get independent confirmation from either Team Bondi or Rockstar.