The PS3 is capable of more than just Blu-Ray playback. It's also capable of playing back video directly from the hard disk. Impress was able to play a 1920 x 1080 MPEG2 from hard disk. It's unclear at this point if users will be able to play back VC-1 and H.264 encoded files from the hard disk, although these high powered codecs are, of course, playable from Blu-Ray discs.
Yes, about two and a half thousand people sent to me a link to that, in which one sees a photographed powerpoint slide, featuring a non removable disk on which someone stuck 100 GB in an Arial font. Come on, you know Microsoft presentations. How many times have you been to GC? Would this company announce a product in such a ragged manner? Quote: No large non removable disk is announced.