Atlus has licensed Sony's PhyreEngine 2.40 for PS3?

[makingmusic476]

NoCtiS_NoX said:

Through reading on neogaf this could be on the PSP also.

The engine is indeed crossplatform ps3/psp/pc, but Atlus has already had a heavy hand in PSP development.  I doubt they've have any need or want to license the engine for PSP.  PS3, however, is a whole new beast for them.