Microsoft and C&VG have confirmed that the first episode of the Xbox 360's exclusive content will arrive this August.
In its GDC keynote extravaganza, Microsoft confirmed that the first downloadable "episode" for GTA IV will be coming this August, exclusively to Xbox 360.Grand Theft Auto IV: Episode One, as it's being called, is presumably the first in the previously announced two downloadable episodes for Rockstar's sequel. They've been rumoured to have cost Microsoft a fair few pennies too.
Source: C&VG.com
Ah, I was under the impression they were going to at least release one in April. That wouldn't make sense though, so August FTW!
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