Both of us Admins discussed the idea and approved of it. PS3's fan base is significantly smaller than 360's due to the time of release. We aren't making it big yet and a 360 division will attract more people. There will be specific leaders of the 360 division but will report to the main leaders (Vergil and I).
So even if you're a 360 hater...let's welcome the people that join that division with open arms.