When is the PS3 Version going to get cancelled?

[Reynhart]

And while you are right that often it is just what players ASSUME to be the reason, there have been several instances where SE said "we can't do that because the PS3 wouldn't be able to handle it"

You're right.
Something like "Why can't we have zones like in 1.0 ?" (i.e huge and painfully empty)
Yep, such a greeeeaaaaaaat loss, damn those PS3 players and their subpar hardware...