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Its just meaningless blather. People are latching onto that item from the MS conference because, frankly, it was the only thing of interest. Its not really as big a deal as some would have you believe, I'm thinking.

The same will happen after the Nintendo and Sony conferences, except different people will latch onto different things and claim "ultimate victory", or whatever, for their favorite console.

I personally think Microsoft's conference was terrible -- one of the least appealing I've ever seen, and I've seen a lot of them. I hope Nintendo and Sony do a better job.