Yeah man. You can download it through the PSN but the NA version (which is only available through the PSN) is censored. I bought the European version, you may wanty to try that one. It is horror set in Japan and with stealth elements. Highly recommended if you like Silent Hill.
Nintendo is selling their IPs to Microsoft and this is true because:
http://gamrconnect.vgchartz.com/thread.php?id=221391&page=1