Sounds like a whole lot of hot air to me. Especially supporting such crazy resolution, there's absolutely no need for that. Throw in a decent GPU and CPU but, for gods sake, amp up the RAM by a lot!
Abandoning the cell could be a prudent choice if this is true, it would give them a lot more ease of use and less 3rd party problems in the development. Pair this with engine outsourcing from the likes of ND and you have yourself a fairly attractive developer environment compared to the PS3.
Nintendo with their silly formats and Sony with their clunky architecture, I hope they both learn soon.







