Obviously the exclusive agreement and funding from SCEA has nothing to do with it not coming to 360 and it has everything to do with the 360 not being able to handle it... LOL.
http://en.wikipedia.org/wiki/Team_Bondi
"Based in Sydney, Australia, Team Bondi is an independent developer with an exclusive agreement with Sony Computer Entertainment America to produce up to 3 titles for the next generation of PlayStation, PlayStation 3."
http://www.eurogamer.net/article.php?article_id=54626
"Kristan Reed: How are you funding the project? Has SCEA given you an advance or is this self-funded and totally independent?
Brendan McNamara: The project is wholly funded by Sony Computer Entertainment America. We have a long-term exclusive arrangement with SCEA"
