S****s gonna hit the fan in a good way if any hint of Mods can be brought over to consoles, but I'd like to put the emphasis on the digital infrastructure Sony/MS/Beth will have to establish because mods WILL be regulated under a medium.
the the Construction set, the G.E.C.K and the Creation Kit are all COURTESY gifts from Bethesda, they didnt have to give us access to it, its our PC's we can do whatever and put what ever we want on it, but User made content on this calibur? have you seen the nexus? AO rating instantly
Right. No mod regulation means AO rating for Bethesda, which is going to kill everyone's profit. Mod regulation the likes of which will be needed won't be profitable for Sony or Microsoft. Too much of a time commitment for what would be a marginal increase in one game's sales.
I'd guess the only console users who would even know about and actively seek out mods would be the console users who have played Morrowind/Oblivion on the PC at some point, or who frequent this forum. It's not exactly a common thing for a developer to allow, they wouldn't be exposed to the concept otherwise.