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YES! Great move Squeenix, I'd been hoping and praying they'd do this so that I wouldn't "have to" buy a PS3.
Poor Sony, NOT.... serves them right for their antics a few years ago with the PSP and such like. What goes around, comes around. Certainly the nail in the coffin for a lot of people who had one remaining reason to buy a PS3.
Of course, it's still got MGS4 and GT..5?6? going for it. But 3 big titles become 2, that's not so good for its future.
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