Makes sense. I get the feeling they'd have made this move earlier but were tied in with Sony owning the IP.
I hope the new IP is a good one and they get a warm welcome on 360 as I've always enjoyed their games myself.
Given the current wisdom seems to be develop for PS3 then move the code to 360 they should be well set up for success.
Interesting they have confirmed they will remain committed to PS3 exclusives, too. I guess that means at least Resistance 3 but if their multi-platform title sells well on 360 then surely they'd focus more on being fully multi-platform going forward.
No doubt this will get the expected responses from the overly biased few - from 360 fans gloating to PS3 fans moaning - but it makes sense to me.
One final point, with this plus the fallout from IW / Activision EA are suddenly getting some neat partners, no? And with Bungie going to Activision I'd say MS needs to consider either building up more 1st party or seriously commissioning some more exclusives as it feels like only Nintendo / Sony right now are well set up to deliver a steady stream of exclusives.
Note the last paragraph isn't a knock on MS, just an observation on how much the developer ecosphere has been changing recently.
Try to be reasonable... its easier than you think...







