The PS3 should be able to handle it in some form if programmed right. However PS3 are tough to program for and not many people do it right. However, SE made other tradeoffs in the PS3 version before it was put on hiatus so a scaled down version for the PS3 would be a possibility. Frankly I this point I think SE should just drop any thoughts of porting to the PS3 for now.

That said, the eve CC is one of the best ones I've seen. The AoC one is similar to it, but you can't get as much realism out of it.