6:49: The keyword for Sony is innovation. Without innovation, the industry won't move forward. Kutaragi believes creativity should be the basis of the computer industry.
Kutaragi feels that networking is not at the point where it needs to be. Servers haven't reached the internal bus speed of the first generation PlayStation. They don't have sufficient power to carry out the computations at the level of the PlayStation 2.
In ten years, it's possible that something like the PlayStation 3 will be overkill because servers will be so powerful.
7:04: He says Sony will take the initiative to lead the next 10 years of gaming. He expects the PS3 to play an important part in the movement. "I feel very pleased to be involed with the PlayStation 3."
7:22: A question on why HDMI only is in the high level version of the PS3 only. Kutaragi explains that sony was worried that if they put the HDMI in the lower version, some would complain about having to pay for something they don't want. However, HDMI penetration has come faster than expected. He then asks people if they want HDMI in all models. Everyone in the audience says yes. He then confirms that all models, including the 20 gig version, will have an HDMI port.
http://ps3.ign.com/articles/734/734010p1.html