So i have not played bioshock 1 in very long time and picked it up on ps3 originally had it on 360 but for ps3 game has a horrible frame rate even early on when there 2 people or sometimes one it seems laggy. I dont remember this at all on 360.
I know this thread is a little old but I just wanted to say that the PS3 version plays fine. It's a little framey at the beginning, just after the plane crash if you look at the fire the framerate drops a bit, but after that it runs fine. I don't know if they have later fixed the PS3 version through a patch but it runs fine. And yes it's in HD, it's actually one of the few games that's in 1080p. It looks and plays completely fine.
I'm having a blast with it.