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I don't really think that Namco are totally favoring Microsoft. They do have Time Crisis 4 and Tekken 6 exclusive on the PS3, so if anything they are spreading their love around. I personally see no problem with that and there are rumors that Ace Combat 6 is a timed exclusive. I expect a PS3 port, crappy Namco port, but a port nonetheless of the game next year.

Beautiful Katamari was replaced by something else that was shown on Sony playstation day after E3. I don't see the need to be that worried. Namco will never only release their best games on the 360.