The development cost for PS3 is notoriously high compared to the other consoles, from what I've heard. I am glad to hear that Squareenix or whatever they are called as a company, decided to put it on the 360 as well. More money for them, but more games for us 360 users.
While FFXII wasn't that great mostly due to the execution of the story which was, you went through but not for what reason, and it was very loose. Made the story not really compelling to play through, and these strong neutral enemies that gets hit by enemies spells, due to their radius so they will turn on you and cause a... game over. Reload, yay.'
The boss battles, they were nice. Challenging, but had a very similar strategy to take out most of them.
They can still do good games, but I have to say that Squarenix has done worse Final Fantasy games after FF10-2 (the game had a really nice battle system, loved it. Although not the story)
I hope they have learned from that, and will hopefully make a great rpg game.