Pretty much what I expected although:
Quote Originally Posted by Azar
Finally, due to the confusion around Square Enix's white engine and their recent licensing of the Unreal 3 engine, Kitase hinted that Square Enix is considering using the white engine for more games after Final Fantasy XIII, though he didn't mention any specifics.
In other words, they'll wait to see if the PS3 is a success, and change to the Unreal Engine (being much easier to port across consoles than the White engine) if it falls flat on its face.