[Update 22jul05: see the trailer]

Confirmed, it is. The abandonment has begun.

Weep and gnash teeth, oh Nintendites. For Capcom, the purveyors of evil in residence, hath uttered words of infamy. Fertile Nintendite soil shall no longer give birth to evil. For flock to more putrid PS3 and Xbox 360 lands the evil has.

I careth not. I never shall. Banned from my abode this turpitude is. But since interest you may have, bring this dispatch to you I endeavored.

Link: Gamespot – Resident Evil 5 coming to 360, PS3