I like the focus on quality as opposed to specs and numbers. They're doing it right. It may move more slowly than Android because of it, but in the end it will build a stronger platform.
I also did like the very end when he said that by the Fall, Windows Phone and Windows 8 will start being referenced as part of a "family." That sort of tells me that we could probably expect WP8 by around that time. And that a major selling point will be about how products in the same family communicate with each other.