It does however eschew "wacky technology" such as Deferred Shading, Screen Space Ambient Occlusion, Shader Model 4.0 and hardware accelerated physics. I guess "wacky" implies "not available on consoles" but at the very least, it's a proper port.
A Benchmark is available that supports, but does not require the 3D Vision Tech, showing it in action. After watching, I can't say I'm terribly excited but the Co-Op play is reportedly fantastic and may make the purchase worthwhile.