Diablo III will be available on consoles. I was pretty sure the company had announced this ages ago so I'm not sure what the big deal is. I'm sure that for a few days there will be some very vocal whining and complaining from some segments of the gaming public, but these guys need to spend their time on more fruitful pursuits, like say, horticulture or cleaning up a river.
Dollars to donuts, the same people flipping out about this recent announcement were the same individuals that went a little off the deep end when it came to the art style. I remember when Blizzard showed off Diablo III for the first time and the voices called the art direction terrible, the grittiness had been replaced by a Care Bear sensibility, and so on.
I'm not sure how small your world has to be to care about stuff like this. More players getting a chance at a Diablo game?
That's good news.
Not just for Blizzard, a company that needs to have its gold-plated silverware re-finished, but for those gamers that have to listen to "old timers" beat the drum about how awesome those old Diablo games were. Finally, they'll be able to experience the "killing and shopping" of an RPG series that is still labelled as one of the best ever even though the last game was released more than a decade ago!
ADDITIONAL: Blizzard has actually denied confirmation of a console version. I'd still say it's likely to appear though.