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A PS3 exclusive from Bungie would probably be a "bad business decision", because the studios fanbase is on the 360.
So they'd have to struggle with the lower installbase in their main market (NA), with the installbase not being as aware of them as on the 360 and with alienating their loyal fans.

A multiplatform title seems more possible, but still it's unclear if the extra money they'd put in a PS3 version would actually pay off in the end.

In my opinion the only reason for them to try a project for PS3 would be their own interest in the HW and in taking a risk.