Sounds like typical Sony exaggeration.
However, dual analogue sticks and a move back to physical media? That's some good news!
What i'd really like to see is a full implementation of it being usable as both a more traditional console and a handheld, as they seem to keep nearly doing with the PSP. By this i mean, i'd love it if i could hook it up to my TV, sync it with a PS3 pad via bluetooth and play on my screen, then when i need to go out, disconnect it all and continue playing on the tube. That would be an immense thing for me.