What I heard was not Queasy games, for the record.
I'm not saying it isn't Queasy, I'm just saying that when I heard it that wasn't the team I was told. But rumors and stuff... you know how it goes.
It's happening though, that's what you should take out of this. And it may not be the only old sony IP given to an indie.
Oh god yes. A revival of character-based IPs would fill a hole the PS3 sorely needed filling. Maximum believe.