As mentioned above - I am quite sure this is particularly for Prae.

In Prae there is a metric ton of cut-scenes, and the PS3 takes quite a bit longer to load, and skip them...
I am a PS3 player and have stopped doing Prae after I got shut out of 2x bossfights... the 15sec timer since fight initiates was too short for me to get out of cut-scenes.

Here's to hoping that they will add an option to "disable cutscenes" - at least for dungeons you have already run once.