Seems like Soul Calibur 3 will be a PS2 exclusive, unlike SC2.
Featuring 3 new characters (which will up the total playable characters to 25), a character creation mode where you create your own character (customizing the gender, profession?, weapons), and can participate in World Competition mode (whatever that is?).
Other modes include Soul Arena, and Museum. The Museum mode will include history from its prequels...
The information mostly came from Gamepro magazine, and my sources are listed below.
I've seen this report, and the validity of it is questionable at best. The GCN version of SC2 outsold both the XBox and PS2 versions by a substantial margin. Doing this will only cut Namco's potential sales in half. It would be a terrible business move.
Yeah, a few mags are reporting it, but those same mags also reported that Viewtiful Joe 2 and Resident Evil 4 were going to remain GCN exclusives. This decision makes zero logical sense.