Source http://img88.imageshack.us/img88/4254/rdrm.jpg
Yes, the PC version will be released in March 2011. You might think that the source is unreliable but if you look at the profile, it is noted that anyone including Rockstar employees can send them info without revealing themselves.
I would however, advise you to wait for the PC version unless you really cannot bother to wait anymore.
You may ask why if there is a PC version of Red Dead Redemption, why Rockstar did not announce it after 6 - 8 months of the console release like they did with the PC version of GTA?
The reasons are
1. Red Dead Redemption is originated from the console.
2. Red Dead Redemption console sales just exceeded their goal in their Q4 Quarterly Earnings.
3. Rockstar Toronto just got working on the PC version in July 2010.
The reasons why GTA IV PC is released after 6 -8 months of the console release
1. GTA series is originated from the PC.
2. GTA IV console sales exceeded their goal.
3. Some Rockstar Games' studios were free from any major project.
Now here is why Red Dead Revolver is not available on PC.
1.Red Dead Revolver is originated from the console.
2.The sales of Red Dead Revolver failed to meet their goal.
3.All Rockstar Games' studios were completely busy between 2004 - 2007
(The Warriors, Bully, Manhunt 2 etc.)
4.GTA San Andreas PC is released in 2005.
So if I were you, I would wait for the PC version and something I can guarantee you is that Red Dead Redemption PC will definitely be well-optimized than GTA IV and requires the same or even lower system requirements.
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