That is correct, it is rather complicated but Cell is certainly more powerful than the 360's processor... Xenon, was it? Anyway, the Cell's 7 cores are designed to work independently as separate processors, so essentially the PS3 has 7 3.2Ghz Processors in it. The current games are on par with 360, I agree. But from what developers have told us the PS3 will gradually get games more impressive than those on 360.