Looks like I am getting the PS3 version then. I found this article on NG3, should be relevant for DOA5 since they use the same engine, it shows the advantages of the PS3 graphics:
http://www.lensoftruth.com/head2head-ninja-gaiden-3-analysis/
This isn't necessarily true. Optimizations could have been done and the design of the game itself also effects how the game can perform.
Probably better image quality and less dips if there is any. But things will probably be pretty similar and not a big crazy difference.
Sad thing is I don't need a big crazy difference to want one version over the other. =p I just have this OCD thing with getting the better version.
I'm not convinced by this. Where/when was this confirmed?
It shares similarities to the engine used in NG3 such as FXAA and dynamic resolution. Ever since NG1, Team Ninja has used the same engine for all of their games, so I don't expect that to change now.