The sequel does not have a set release date but is expected to be released next year.
The game will be released on PSP/Vita as well as Steam. The game will most likely be released on PSN and will be playable on the Vita, since there is not technically a Vita version of the game.
The original will also receive a PC port for Steam, set to release this winter.
"A unique multiplayer experience: With 24 drivers for the first time on the same course online, do yourself a name among the gaming communities. The matchmaking system Smart Match offers a whole new multiplayer experience, fast and competitive, perfectly suited to your skills and style. Finally for the first time, Forza 5 benefits from dedicated servers."