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Chris Hu said:

Even though EPIC developed the game I'm pretty sure Microsoft owns the IP so there is no way Gears will ever end up on a home console not made by MS.

Epic has told everyone that THEY own the IP but since MS publishes it, there's no way Gears will come to PS3. Just like how BioWare and EA owns the ME IP but since MS published ME1, it's not on PS3.