I take the "3 PPC" with a pinch of salt as well, and I think having a PPC CPU is still a doubtful move for MS, but maybe they want the X-Box 2 not to be ultra-bulky like v1 was...
PPC must throw backwards compatibility completely out of the window though. Also an unusual move for MS, and I doubt they're going to play the console market to the same standards that their console competitors do.