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largedarryl said:
The actual reason is because the disc read speed of a Blu-ray disc is too slow for gaming.

Both the PS3 and 360 read the data at about equal speeds overall, but some parts the PS3 is faster and at some parts it is slower. But the Blu-ray drive speeds can be increased, if the 360 drive goes any faster i think it damage the disc and the insides of the system.