No, the graphic quality on the PS3 is not known to be better than the 360, and hardware comparing as of now (pre release of PS3) shows the opposite way around. HOWEVER, the PS3 will be a monster when it comes to physics. 360 = better graphics, good physics PS3 = better physics, okay graphics. Of course, this is all specualtion and we wont really know until the release is here. As of now, the PS3 is harder to program for.