I think is varies from game to game. The more time a developer has with a game the more they can polish it. The same is basically true for Rainbow Six: Vegas. There are graphical improvements on the PS3 version as well as 5 additional levels.
You are kidding right? I've directly compared RS: Vegas and the PS3 version is less detailed. Textures, models, particle effects, and frame-rate all worse. Couldn't find a very good comparison online, but your can try and discern the differences here: http://www.gamingbits.com/content/view/2191/2/