Holy penis, what a scoop. I wouldn't doubt it, aside from the "improved visuals over the pc version" - the PS3's GPU is even weaker than that of the 360 and by no means capable of the DX10 effects that made the PC version water so daisies pretty. On top of that the PS3 has slower and less flexible video ram compared to the 360, which is why multiplatform titles tend to look slightly worse on the PS3.
I don't see Bioshock profiting from a HD install like Oblivion either since it didn't stream much in the first place.
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