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Squilliam said:
Gears is likely to sell 11M+ between two games released within 4 years. They wouldn't risk anything which could potentially damage sales of their darling franchise like spread their resources too thinly and a cross advertising deal with Microsoft for exclusivity is something which definately pays off.

 

Not to mention how unhappy Cliffy would be, he is one step away from a self confessed 360 fanboy, heck M$ (or Epic) accidentally said (slipped out) that Epic was a first party for M$. The post is floating around somewhere on the forums.

 

I really don't think we will see gears on the PS3.