Ahh this must be part of Sony's evil plot to force gamers to buy LBP, first they move it a week back so as not to be crushed by Fable 2 then they ensure the PS3 version of Fallout 3 is horrid, ingenious!!!
I'm sure it looks good enough, it's amazing how easily bad graphical glitches can be ignored in FPS, so long as the blood splatters look good of course.