EDIT: you can ignore me. Somehow I missed all of looney tunes posts.
Doesn't he X360 have a hardware video scaler and the PS3 doesn't?
that would explain a lot. The X360 doesn't take extra processing power to upscale the image to 1080p, while the PS3 doesn't upscale to 1080p since every developer would have to provide their own upscaler so they output in 720p since it takes less processing power and typically closer to native resolution.










