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themuffinking writes "IBM (the manufacturers of some of the parts for the PS3 and Xbox 2) told Alex Albrecht that the processors they are putting in the new PS3 and Xbox2 are going to be the same processor, with the parts around it arranged slightly differently. Alex pried this information out of an IBM employee, likely while interviewing him for the show on which Alex is a cohost, The Screen Savers. Alex equivocates by saying "Now again, this is a rumor... so no Slashdotting". Too late for that, but keep in mind this is just hearsay at this point.
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While both CPUs are developed by or in co-operation with IBM, note that officially the PS3 should be a CELL-based CPU and the Xbox2 a PowerPC-based CPU.
Unless Sony gave up CELL there should cerainly be atleast some difference between the 2 CPUs ... IBM, Sony and Toshiba didn't invest so much money in CELL for nothing ...
(November 1 13:18 EST)