I don't see how anybody can examine his analogy and see anything but a clearly defined three tier statement.
He obviously put the consoles in the following order: PS3, X360, Revolution.
The question is "Why?" and that's why we are digging into his absurd analogy. But there can be no question that he clearly doesn't see any of the two systems as equals.
So X360/Revolution can't both be local chains while the PS3 is a fancy restaurant.
In fact, in his own statements, didn't he say that the PS3 was a fancy restaurant, the X360 a restaurant, and the Revolution doing it yourself?
Three tiers, clearly.
The only thing I get is that he's either talking about Cost to the consumer, or he's referring to cost of development.
He's clearly added a price component to all of the systems, so he doesn't see them as being equal. Is it a cost to the consumer (less can afford the PS3, consumers can afford less games?) or a cost to the developer (less can afford to use the PS3 to its potential?).
Or is he referring to both? Does he see the PS3 as more costly to both the consumer and the developer, therefore making it and it's "top notch games" expensive to all parties and thereby rare? While he see's the X360 as less expensive on both levels, so more available to consumers with more quality games but possibly no games to the level of the PS3's best (and most expensive). Then, he see's the Revolution coming up last because it will be the cheapest for the consumer as well as the cheapest and easiest to develop for, but it's games won't reach the same level as either the X360 or the PS3.
That's my intrepretation of his steak dinners.
The more important question though, is does he see the PSP as a cheese steak? And if so, does that make the DS a hamburger?