Reference these two sites:
Game ScienceGamasutra - Check Middle ParagraphI'm thinking this means that PS3 development is somewhere along the way... just not with real "final" dev kits till now. Although they say that the X360's dev tools were released last summer (Summer 2004) I'm betting that they mean preliminary tools, as I recall the final 360 dev kits being out more around this springtime (Spring 2005? Can anyone confirm or refute?).
Particularly of interest is Enterbrain's President (Enterbrain appears to be a mainly Japanese smaller RPG developer) statement that "We are unlikely to see games exhibiting a level only PS3 can achieve until the end of 2007." But then again, maybe the more established companies have a better grip on the hardware than he does.
Comparatively, we can still speculate as to the state of dev kits for the Revolution. Merrick recently claimed that third parties had development hardware, but at what stage?
Link! The Rev dev kit materials are surely beyond the "Use a GC dev kit stage" and third parties almost certainly now have the controllers in their hands (Especially with so many of them speaking out about it from Japan). But the dev tools they have may or may not be final yet.
Still, if the PS3 dev kits are finalized (though they may not be) and Rev dev kits are not yet finalized, the Rev could still conceivably have games before the PS3 does because of Nintendo's own in-house development teams being privy to this information long ago, as well as the fact that developing on the PS3's completely from scratch Cell Processor with 9 cores may take devs longer to figure out rather than the much more dev and small game friendly Revolution hardware.
~Carmine M. Red
Kairon@aol.com