Crazy KenFrom Bloomberg (thanks Chris Mitchell and Kwadwo Burgee):
Nov. 30 (Bloomberg) -- Ken Kutaragi, the developer of Sony Corp.'s PlayStation game console, stepped aside from day-to-day management of the unit after production delays forced the company to slash shipment targets.
Kaz Hirai, head of the U.S. game division, will take over as president of Sony Computer Entertainment Inc., the Tokyo-based company said in a statement today. Kutaragi, 56, will become chairman of the unit.
There's Sony's comment on how well they think the PS3 strategy has been executed. Kutaragi is being retained as "chairman," but it's a demotion, and he's lost a significant portion of his power.
I'm not sure if this is Sony's reaction to what the rest of us already know, or if there's additional bad news coming that hasn't been disclosed.