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I bet this comes down to:

A) Projected amount of PS3's in circulation
*
B) Projected Attachment Rate
*
C) Revenue from MGS4
=
...well if it isn't multi-million-enough to cover this game and make a profit it will be developed for the 360...

So it could already be under development for the 360 if their projections come up shallow.

(I hope my pseudo math is correct)