two dvd's does not a blu-ray disc make. sorry, but a 360 port would either have to be horrendously compressed to fit onto two/three dvd's or be roughly five DVD's at current compression rates.
As far as those arguing for multiplat, I don't think it would work as well - I know I wouldn't be willing to trade MGS4 for Halo 3 (if I were Sony). The people who are willing to buy Halo 3 already have, opening exclusivity wouldn't alter that.
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