There having problems trying to get the games to run in 1080P without a considerable drop in frame rate. Alot of the games in development for the ps3 have now been dropped to 780P to compensate for the lack in power, it'll probably end up having to be overclocked like the xbox360 this doesn't bode well if the ps3 is still planned to have two display outputs running simultaneously.
i remember in 01/02 they said this was the expected year, they didn't want to rush it, and gamers said that microsoft would force them to release it the same year
could be wrong but i'm 90% sure that 2008/2009 but maybe 2007