It sounds like this was a really great speech. I'm always impressed by how down-to-earth Miyamoto is in his approach to game design. It was certainly more appropriate, content-wise, for a GAME DEVELOPERS CONFERENCE KEYNOTE then a certain other recent speech, which seemed more like a press conference product-unveiling.
"[Our former customers] are unable to find software which they WANT to play."
"The way to solve this problem lies in how to communicate what kind of games [they CAN play]."
Satoru Iwata, Nintendo President. Only slightly paraphrased.