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nofingershaha said:
epic to microsoft is what insomniac is to sony, they both are looking towards a long profitable relationship, why jeopardize that?

That's not a good analogy.  Epic has the Unreal engine working on the PS3 and has developed a few titles for the PS3 already.  I don't think GeoW is a signed exclusive for MS since MS doesn't own the IP so Epic is free to do with what they want unless MS slips them a few extra bucks for exclusivity.  There's nothing to say that GeoW will come to PS3 but there's nothing to prevent Epic from doing so at least if there is a GeoW 3.

 

Edit: I do recall a few years ago that MS signed Epic for Gears 1 and 2 but nothing beyond that.  I think thats where the rumour started.