This can only be great for both sides, 360 owners and PS3 owners.
360 owners now have a game that can "match" the legendary GT series in terms of graphics and simulator.
PS3 owners, like myself, will enjoy Polyphony picking up on Forza 3 and improving every bit of aspects they can in the GT5 final release.
Competition is GREAT. It is what makes game developers improve themselves.
Am I the onlyone happy this is happening? Come on, tis is great news! This can only mean greater games to come from these two development powerhouses.