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IGN didn't transcribe anything. As I seen at onnintendo.com, the briefing is publicly available at: http://www.nintendo.co.jp/kessan/060607qa_e/index.html

And yes, it’s in English .

Well the feeling of realism is dependent on many factors. Graphics do in fact play a role; however, as shown in RE4 it is the design not the power. Sound plays a role as well, RE4 again. Design not power, again.

Therefore, Wii has a clear advantage. It is capable of designs greater than RE4 and adds an unparallel control mechanism - no graphical effects can reproduce its feeling of realism/immersion, the Wii controller. So, essentially, the Wii has both.

http://onNintendo.com has a pretty cool article about this.