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"I didn’t come into this business in the 90s because of some technical fetish"

Hmmm, I'd say creating your own graphics engine is pretty technical, and so is setting up a whole system like steam, I mean if they didn't get into the business because a tech fetish, then why not simply use a licensed graphics engine form epic, or ID, hell why not also use xbox live instead of creating your own system, clearly they're full of shit.

I reckon it's damage control, they'll come off looking stupid if they admitted to making a mistake by not developing for the PS3, so they came up with this story and of course the PS3 is an easy scape goat.