Fei Long has an attack called Chicken Wing? That's pretty funny
There is a replay feature for the PS3, but all you can do with it is look at it and do a useless 'vote' thing while it's playing. You can't save it, slow it down, or look at the inputs like you can on the 360.

The 'voting' comes up when you look at someone else's replays.
This is probably old, but you can make replays on PS3 since i have many friends with replays on there.

Here's my video that I recorded. It's quite difficult playing since since I chipped my controller a little.
YouTube - Street Fighter IV Replay Nmbr2Pencil (Gen) Vs Taptapa (C Viper)