Judging from how weak the graphical prowess of the PS2, there's a really small chance the PS3's graphics are going to be better than the Revolution and the 360.
There's even a smaller chance the PS3's graphics is going to meet the competition. Especially since the Xbox's graphics exceeds the PS2's graphics now.
I highly doubt that the PS3's graphics is going to blow both the Revolution and the 360 away, judging from how it's doing now.
Sorry, but I'm a sucker for good graphics.