During THQ's earnings report, the big whigs on hand announced that they'll be releasing a Saints Row sequel sometime next year. They went on to say that they've canceled plans for porting the original Saints Row to the PS3 and will be using all that team's resources for Saints Row 2. So, Saints Row will remain an Xbox 360 exclusive for the foreseeable future, if not forever.
We also can't help but draw a connection between the cancellation of the PS3 port and the release of Grand Theft Auto IV later this year. The competition would not be good for a ported PS3 version of Saints Row, so they probably figured why waste the cash. Speaking of GTA IV, is anyone interested enough in the Saints Row franchise to buy it on top of GTA IV (or ignore a GTA purchase all together) or were all those Saints Row sales filling a GTA void at the time?