Some videos of PS3 games from GDC:
Was a bit worried about this after reading some reports, but I think it looks fantastic! The dynamics and environment interaction really look superb. A common complaint seemed to be the particles weren’t very nicely textured and that this stuck out a little, but I’d say that’s nothing a little TLC can’t sort out.
Kind of amazing they’re doing their cloud rendering on the CPU, with a ray-tracer, before mixing it with the GPU’s frame. They do look quality, properly volumetric with brilliant lighting and shadowing.
Ratchet & Clank (Just stunning):
Lair (Ditto, the modelling is crazy):