Xbox 360 and PlayStation 3 will not have the Creation Kit.
However, the kit was scheduled for release on February 7th, 2012 as stated by Pete Hines, one of the game's developers. A post made on January 27th, 2012 stated that Bethesda anticipated the release of the patch to be 'next week,' with the Creation Kit not far behind.
In a statement made on the Bethesda forums, the Creation Kit was supposed to be released alongside the v1.4 patch.
