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I think its interesting and perhaps a sign of things to come if more games use similar technology and texture amounts as Rage the PS3 might actually have an edge. But to be honest the game looks not exactly great.

Doom4 on the other hand ...

 

Also think of it this way...higher res textures + slow bluray = lots of load times for ps3.

I doubt that, if they really use tens of Gigabyte of textures they will have to do it by streaming anyway. You can only get 512MB into PS3 and 360 RAM so this is a hard limit for loadtimes. (Unless they load things on the HD before the level starts, but then they need to be shot.)