It looks like the kids at Sony have figured a way to eke more ram out of the PS3. According joystiq, PS3 developers now have access to 70MB more RAM.
While 70MB of additional memory is not insignificant, don’t expect drastic changes to future PS3 games. A PS3 developer told us that “any bit of RAM helps. Generally it probably won’t change design, but might allow extra effects resolution or dynamic lights or something. Probably more beneficial from the systems and art side then from design/gameplay.” In tandem with increasingly efficient code, the added RAM will undoubtedly make for even better looking games.
Better looking graphics should scare the piss out of ESRB reviewers near and far.