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Xen said:
-MS was offered the project, they refused.

-The engine is a custom PS3 one, making porting hard.

-There's some sort of deal in place, with Sony getting the game when MS refused, and add the Sony-sponsored anime to that.

MS never refused the game.  The Sakurai Tensen team simply started the project on 360 way back when 360 devkits were the only things to be found.  Then development jumped around a bit (some PC work, etc.), and the game eventually landed on ps3 alongside the Initial D game.