The graphics for consoles will be 720p, like always, and no anti-aliasing. The point of buying it for a console is that I don't have to worry about or buy upgrades for my PC to run it. I think nearly everyone over at WGO is upgrading something for BF3.
EDIT: Sony says the network might be down for another week, so now would be a good time to dust off those old board games and prep mentally for face to face contact. God help us all.