No the same as the PC version, but very good
As well as holding on to the main concepts of the original game, the console version has wonderful (almost cartoon style) graphics, which add a level of visual fun to the game.
There are various levels of difficulty, and these are worth playing with. For anyone who has played any of the Civ games before, the "easy" level will be far too simple, and you should be able to play through a whole game on the easy level within 2-3 hours.
As you step up the difficulty levels, this will change. It is a good idea to play around with all the different levels and find one which challenges you sufficiently.
One gripe with the game is the fact that in the US and Canada, gamers are receiving codes to download additional content for free. This is to make up for the fact that the game release was slightly delayed. As a long time Civ fanatic, I can only say I am disappointed that the Rest of the World does not get this offer. We will have access to the extra content - via the Playstation Store - from the Autumn, but will have to pay for it.
Also, missing from the game is a scenario editor. All recent versions of Civ have come with one, and user created content has generally been of the highest quality. Hopefully, this will be released in the future.
Having only played a couple of multiplayer games, I cannot say that I am the best person to comment. However, I did find that I was disconnected on both attempts after about 1 hour of playing, and this was more that frustrating. Hopefully, it is just an issue with my set up. Apart from that, the multiplayer part of the game is good, though the standard irritation of waiting for others to finish their turns exists. This is partially mitigated by a "turn timer" - I am just very impatient.
Ultimately, there is little that is wrong with this game. It has great graphics, atmospheric sound, and a surprisingly good interface which makes the game easy to control with the six axis controller. I would like to have seen options to allow the building of custom worlds (aka Civ IV) and the option to create your own Civ type, but these are minor niggles.
Definitely one to get asap.