No it's worse than kinect
The PS3 Move's controller does not contain anything 'special' unlike the Kinect which features a depth-sensing camera. The Move performs tracking and depth sensing with a glorified blob-tracking algorithm with a standard webcam (the PS Eye is 640x480@30fps). Such a technique is not computationally expensive at all, and can be performed in real-time on a machine from 10 years ago without any problems.
The Move controller does feature a set of sensors for unit orientation detection, much like the Wii does, but it's hardly anything special as I said. It does the same thing as the Wii remote but with the ability to determine distance from the camera. Considering it needs a PS3 to power the thing I just don't think it makes sense from an economic PoV.