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The best bit in my mind:

"Our target this year is to break even, not on a cumulative basis, but on an operating business. Our point of view from the 100 markets we work in, we have PS2 which we’re making a profit on, PSP where we also make a profit, and PS3 where, if we just look at it in Euro terms, we are in a profit on software even though we still make a loss on hardware. It’s likely we will get into profit in Europe this year. So SCEE is a solid, safe pair of hands for SCE."

So in Europe, they MAY mnage to profit from the PS3 business (HW+SW) this year.

I think that should put down any eejit who thinks the PS3 hardware is somehow making profit.