The internet has been abuzz with rumours surfacing that Resident Evil 5 is to be a timed Xbox 360 exclusive.

Playstationlifestyle.net has reported rumours of a major RE5 reveal at E3, namely that Microsoft has approached Capcom with the intention of paying an undisclosed amount for timed exclusivity of Resident Evil 5.

However, Christian Svensson, Capcom’s Corporate Officer and Vice President of Strategic Planning and Business Development, has quickly dispelled the rumours on Capcom’s blog. “The assertion is false. RE5 is a multiplatform release that fits with our oft-stated crossplatform strategy.”

[UPDATE]Christian Svensson later confirmed in the same thread on Capcom’s blog that the Xbox 360 and PS3 version of Resident Evil 5 will have a simultaneous release.