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I don't know how credible the site is but for the poeple that are intrested here is the article:

 

but I think this doesn't match with the transforming controller.

 

"The “PS3mote” is said to be incredibly responsive and accurate. When the demonstrator crouched while playing the paintball game, the character on screen did as well."

 

"NOTE: The picture at the beginning of the story is not the real “PS3mote”, it is also not what was shown at this focus group. The picture is a concept by Emil G. Ryderup back in September 2005"

 

http://playstationlifestyle.net/2008/05/31/exclusive-info-on-the-new-sony-ps3-controller/