We present a new field theoretic approach for finite-dimensional site-
disordered spin systems by introducing the notion of grand canonical d
isorder, where the number of spins in the system is random but quenche
d. We perform the simplest nontrivial analysis of this field theory by
using the variational replica formalism. We explicitly discuss a thre
e-dimensional RKKY-like system where we find a spin glass phase with c
ontinuous replica symmetry breaking.