Which means it will be dumbed down. Like they do to all PC games that they want to sell to consoles.
I actually found Torchlight's console version played pretty well with a controller, and it was conceived and designed after the original PC version - direct analog control is certainly less tedious than constantly clicking a mouse. Considering that Blizzard has planned a console version of D3 from the start, I'd expect it will be just as good as the PC version, matters of personal preference aside.
Now if you mean that the PC version will not be "allowed" to be better than the console version, then I'd probably agree.