When will Twisted Metal for PS3 be released?
it is scheduled to be released on December 31 2011 according to Gamestop
According to the "Twisted Metal: Dark Past" documentary located on Twisted Metal Head On Extra Twisted Edition, there are hints surrounding the video in the form of strangely placed letters. When encrypted, it spells out "Twisted Metal is coming on PS3." Afterwards, David Jaffe comfirmed it. So yes, it is coming to the PS3.