Confirmed: Crysis heading to PS3, not 360

So the rumors have been confirmed. Various game sites – including games.net and gametrailers.com – are reporting that a ‘studio insider’ has confirmed that Crytek is developing Crysis for PlayStation 3.

An interesting fact is that "Crysis isn’t going to the 360 due to technical reasons". Does this mean that PS3 is indeed more powerful then 360? Is it true that multiplats are dumbed down because of 360’s hardware limitations? Let the fanboys decide.