every year looks better for ps3 cause sony constantly delays their games for the next year - just look at E3 2009. at the beginning of the sony conference Tretton said that playstation 3 will have best line up for 2009 and then they delayed pretty much everything to 2010.
i agree with disolitude.
GT5 - development started in 2004 with limitless budget and countless resources they still can't finish this game after 5 years of development.
Forza series - Forza 2 was made in 2 years with tweaked Forza 1 engine. Forza 3 was made in 2.5 year, they made completely new engine for the game, signed many new licenses(like for roll overs), worked on Maclaren F1 simulator and still were doing it with limited resources, budget and development team.
PGR series - we had new PGR games every 2 years and those were developped by 150 team.
Killzone 2 - 5 years in development and 500 development team.
Halo series - Halo 3 in development for about 3 years with 160 development team, Halo ODST in development for less than 2 years with only part of that team and Halo Reach in development for less than 3 years with rest of the Bungie team.
Rare LTD. - with 200 development team they started working on couple 360 games in 2003 between 2005 and 2008 they released 6 different and very good games.
Lionhead Studios - they started working on Fable 2 in late 2005 and between that time and Fable 2 release date(late 2008) they made Black & White 2 and expansion pack, The Movies and expansion pack and also they were working on Emotional Engine that was used later in Milo.