PlayStation 3 development underway in Europe

Several UK developers are reporting that they have been working with PS3 dev kits.  While Japanese studios have had the development hardware on hand for months now, this is the first evidence that Sony has reached out to the European market.  As we all know, the PS3 is set to be unveiled at this year's E3, and chances are, we might see some software demos from 3rd-party developers.

Sony is still keeping a tight lid, as only a couple trusted developers actually have the kits.  And at least one of these developers is claiming that the PS3 dev kits are packing more juice than the Xenon (Xbox 2). 
However, Microsoft is expected to update their prototype "any day now".