Your TV most likely has a resolution of 720p, because the only true 1080i TVs are the old tube style. Flat panels can accept an interlaced signal (1080i, 480i), but they still refresh the entire screen all at once (progressive mode, 1080p, 720p).
Your TV accepts 1080i because it is a broadcasting standard, but it still has to downscale it to it's native resolution, which is closer to, or at, 720p.
If you set your PS3 to only output a maximum or 720p, it may could improve the text in some instances, but not all of them.
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