I posted a review of this product elsewhere so I'm going to copy and paste it here so more people can learn about this excellent game. I have the 360 version, but the PS3 version is only slightly different, and that involves the Trophy system, not the actual gameplay.
Here's my review:
Long story short, buy this game you will not be disappointed. Worth every penny.
This game is an updated version of the one released for the original Xbox, PS2, and the Wii with 3 added tables, higher resolution graphics, and better physics, so if you're looking to buy this game (you should be) make sure this is the version you buy.
I'm currently 35, and when I was a lot younger, I used to frequent the local arcades. Unfortunately for me, I only occasionally paid attention to pinball. Back then, I was under the impression that your point totals were simply based on your reflexes and timing of using the flippers so I concentrated on video games. After purchasing Pinball Hall of Fame: The Williams Collection, I now see how completely wrong I was in that assumption and how I missed out on some really good gaming. Pinball tables had a lot of depth to them, from lane changing, to earning scoring multipliers and multiball play, to making the jet bumpers increase their point values, and so on. A lot of thought went into the design of pinball tables and I wish I wasn't ignorant to this fact until now when it's rare to see a pinball machine out in the wild.
This game has 13 accurately recreated real life tables, some of the best that Williams had to offer from the 70s, 80s, and 90s (and after reading up on them, they have MANY more great tables so hopefully we see them recreated in another game or offered as downloadable content), these are not made up tables like you see in Pinball FX on the 360 or Zen Pinball on the PS3.
Although I missed out on these in the arcade, the hard work put into this game really gives an accurate representation of what it would have been like to play these in person. Of course I realize that NOTHING beats the real feel of playing these in person, but since I can't go back in time, this is the next best thing, the physics of the ball seems very realistic, from the way it bounces off of targets or travels around the playfield, and the I think the controls are mapped perfectly on my 360's controller - the triggers operate the left and right flippers, the right analog stick is the plunger, and the left analog stick is used to nudge the table. The sounds of the machines are spot-on as well.
I think this game has a lot of replayability too as each table has a list of goals to accomplish to earn your achievements. These goals are really teaching aids to teach the ins and outs of each table so if you were like me and had no idea about the depth these tables had, you'll quickly learn how you were missing out. There's also an option in the menu of each table called "Instructions" that is a very good tutorial that shows each and every feature the table has to offer. The newer tables like Medieval Madness and Tales of the Arabian Nights have so much depth to them, it's insane, and I'm very glad for these tutorials as there's no way I would have figured all of the stuff I could do on my own.
This game really is for everybody. If you're into pinball, this game is a no brainer. If you're a casual gamer, this game would be a fantastic choice as it is a TON of fun and a great pick up and play game if you don't have a lot of time, and there's a lot of depth to it if you do have the time. If you're a hardcore gamer this game is also a great choice because after you beat the Basic Goals of each table, there are Wizard Level Goals that are very challenging to achieve if you're looking to up your Gamerscore. If you're looking for a great family game, this game is easy to pick up and play, and you can set up a 4 player tournament to include any number of tables you've unlocked for Free Play.
I have a ton of fun with this game and it is probably the best game I've purchased in years, well worth the budget price.
WARNING: 
