Bobby Kotick, CEO, president, and board member of Activision Blizzard said recently that they may stop developing games for the PS3. Due to the high cost of a PS3 and low sales of it's games (copaired to the xbox360 and wii). Read the full artical
here.
With Ubisofts Tom Clancy's Splinter Cell: Conviction confirmed as an Xbox exclusive it looks like they might also join Activision Blizzard and stop developing for the PS3 and release games only for the PC/xbox like Valve.
I don't think Sony fans have to worry about their system though as the PS3 was released with a long term plan. I'm sure their is an age of high graphic quality games coming soon. But not till people get bored of the gimic of low graphical quality motion sensitive games for Wii, Natal and the PS3 wand(lol).