That sounds like great news! Sony seem to be working really hard to get lots of great games onto their systems, Elite would fit in really well there i reckon
I take it you are the griff who did the amazing oolite models?
if so, hats off to you!, great work.
I think it has always been the case that ED may come to console AFTER the PC and mac versions. (a regular on here - Beechlight i think his tag is- is convinced it will be within a few months of the PC version iirc). Personally I think this is not going to happen, but 18 months from now I would not be surprised to see it on console.
in 1 way the ps4 would be a better fit. Historically Sony have allowed cross platform play with PC users, MS have rarely allowed that, and when they did it was over GFWL, which wont exist in a few months time.
on the other hand FD already have experience working with MS on the xbox.
With luck it will come on both, I am fine with that so long as it diverts no time away from the main PC platform, and so long as it does not water it down to cater for the more limited console hardware.