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Lulz said:

I find it strange that yesterday I was reading people on here claiming that the stats MS made public about miles raced, and zombies killed were nothing but an insult to people's intelligence, and a deflection to avoid talking about sales, yet some of those same people are posting in this thread about how awesome it is that Sony released a stat on how many times a button was pushed.

What am I missing?

OT: I'm glad to see that the feature is being used and enjoyed. I personally enjoy watching videos of awesome kills, or incredible kill streaks, or amazing lap times, etc.

Edit: Out of curiosity, what is the maximum recording length for a video using this feature?

This is what you're missing
http://www.engadget.com/2013/12/03/sony-sold-2-1-million-ps4s/

So now we know on average it's just over 3 items shared per user. Not a lot. Anyway who is saying how awesome the stat is?

It's 15 minutes maximum recording, or you can stream as long as you want.
Kinda neat to check out the live streams before turning the console off. Europe came online and immediately FIFA was the most watched from then on.