4:50 -- The event begins.
Kaz Hirai takes the stage. PlayStation 3 is more than a generation leap for him, it's a quantum leap for PlayStation. It's freedom. It's the companion device for your years. It's an arsenal of media compatibility. It seamlessly interacts with other PlayStation systems. And it's the best of breed for this gen.
4:55 -- A dig at opponents.
PlayStation is not interested in gimmicks. PlayStation believes that next-gen does not begin until PS3 arrives.
....
an hour and a half later...
6:33 -- Kuturagi takes the stage.
He introduces the PS3 controlled ... and it's the PS2 controller?!? It looks exactly the same, but it has many new function. Most importantly,
it has "6 degrees" of motion-sensing movement.
http://ps3.ign.com/articles/705/705742p1.html
Apparently it's not a gimmick when they call it "6 degrees" of motion-sensing.