twesterm on 17 March 2009
It's a good idea but it would take some work if it could be done. I imagine most engines out things in packages and you would just need to make something that could read the package and convert it to something that the PS3 or 360 could read.
That said, I don't know if that's possible and I assume it would eat up processing time since you would have to convert the data on the fly.
