Both the Xbox 360 and PS3 versions are confirmed to have installation options for high-resolution textures.
An interesting nugget of news has come out of last night's Battlefield 3 preview event in San Francisco held by EA and DICE. While speaking with GamerZines, DICE's Patrick Liu revealed that the game would allow players to install content from one disc that would let the game stream higher resolution textures.
Additionally, we asked EA whether or not the game would offer the same feature for PS3 owners, and fortunately this seems to be the case. "The PS3 version requires the same install but it's all on the one blu-ray disk," a spokesperson for the company confirmed.