Blizzard has declared that they're investigating the possibility of porting Diablo III to home consoles, but haven't set anything in stone just yet.
Speaking to MCV, Blizzard's CEO Mike Morhaime said "We are looking for a couple of console developers, yes. At this stage though, it's basically an investigation to see if it makes sense for Diablo to be a console game as well as a PC game.
"We haven't made any decisions yet, but a lot us feel that if ever there was a Blizzard franchise that could play well as a console game, then that's probably it."
It would certainly be good if this could happen, but only if it doesn't compromise the quality of the PC title.