We've known about it for months but today it becomes official -- Ken Kutaragi, the father of the PlayStation, is stepping down as chairman and chief executive of Sony Computer Entertainment Inc. He will still have an advisory post at the gaming unit but his days of crazy press statements as one of the public faces of Sony are over.

The storied engineer's long career at Sony hit some stumbling blocks with the PS3 launch, leading Kutaragi to be relieved of his day to day duties as president of the company late last year. Some say he was squeezed out to make room for new blood, but officially Kutaragi "has been considering this decision for some time" and considered today's shareholder meeting "the ideal timing to pass on the torch to the new generation of management."

Next for Kutaragi is a post at Sony/Namco/Bandai partnership Cellius, which will focus on content designed for the PS3's Cell chip. We wish him all the best, and personally hope that the train of public gaffes doesn't stop running.

It's hard not to imagine industry analysts getting along famously with PlayStation father, Ken Kutaragi. Holding hands, dancing in a circle and spouting outrageous claims at each other, they'd have a jolly good session of prediction, scrutiny and hopscotch. In response to Mr. Kutaragi's recently announced plans to leave the circle, several analysts have expressed belief that his departure is partly motivated by the parent company yelling from the outskirts of the park, insisting that, "You've had your fun, it's time to go." According to a GameDaily BIZ report, the PlayStation 3 may make for a particularly heavy golden hand to shake.

Evan Wilson of Pacific Crest Securities tells Bloomberg.com that Kutaragi's retirement "is likely an indication Sony corporate isn't satisfied with the initial success of the PS3." The Washington Post calls it a "face-saving firing," quoting IDC's famous time traveling analyst, Billy Pidgeon, as saying, "Sony had too much hype and not enough delivery." Furthermore, an AG Edwards analyst, Bill Kreher, tells GameDaily BIZ, "The PS3 obviously has had a rough start and I would question whether Kutaragi would still be leaving if the console had been better received by the marketplace."

Still, some analysts agree with Sony's official line that Kutaragi had left of his own accord in pursuit of "new challenges beyond the world of PlayStation." Michael Pachter of Wedbush Morgan Securities states that the decision likely had more to do with software and the PSP. "It can't be [Kutaragi's] fault that the cost of the box was so high, and I have a tough time believing he insisted on Blu-ray. They probably just all agreed it was time to move on." He and a few other analysts go on to note that Kaz Hirai will prove to be an effective leader and a better instigator of success in the years to come.

In March, The Wall Street Journal said Ken Kutaragi was a "stumbling block" for Sony; now they're reporting that the controversial chairman and group CEO for Sony Computer Entertainment, Inc. -- and father of the PlayStation brand -- will be retiring his post effective June 19. Of course, the 57-year-old exec was recently kicked upstairs, removing him from day-to-day operations following what many considered to be a botched strategy for the PlayStation 3. Kaz Hirai, who replaced Ken in December, will be promoted to CEO of SCE.

And Kaz, you better start practicing. You've got some large shoes to fill ... four-dimensional shoes that require dual HDMI soles to output 120 footprints a second. But seriously, we'll miss your krazy quotes, Ken!

Update -- SCEI statement: "Kutaragi has said that he has been considering this decision for some time. He stated that, in the six months since the appointment of Kazuo Hirai as President in December, the new generation of management, led by Mr. Hirai, has continued to develop. With the March introduction of PS3 in Europe completing the successful launch of PS3 worldwide, Mr. Kutaragi has identified SCE's Annual Shareholders' meeting in June as the ideal timing to pass on the torch to the new generation of management. Mr. Kutaragi will now apply his extensive technological knowledge and leadership skills to take on new challenges beyond the world of PlayStation. Sony and SCE will continue to seek Mr. Kutaragi's input and ideas from a broad perspective, while continuing to support him as much as possible in the realization of his dreams."

Read - PlayStation Creator Plans to Retire (WSJ subscription reqd.)
Read - Kutaragi to step down as Sony game unit CEO (IDG)

In 2004 it was Ken Kutaragi. In 2005 it was the Halo designers. In 2006 it was ... no one.

Yes, Time's last list of the 100 most influential people in the world broke from tradition and didn't feel the need to include anyone from the game industry. While nobodies like Nicolas Ghesquiere and Rain got coveted spots on the list, the leaders of a $12.5 billion industry got bupkis.

Luckily, you can help rectify this situation. Yes, you, as Time's person of the year, can go independently rate the nearly 200 candidates who are being considered for the 2007 list, including Nintendo's Shigeru Miyamoto. As of this posting, Miyamoto is ranked 60th, between Indra Nooyi and Albert Osterhaus (a.k.a. two people you've never heard of) with 113 votes and an average rating of 75 out of 100.

The ranking system is based on total points accrued, not the average, so more votes equals a better rank. Vote early and vote often -- it's not like you have anything better to do at work.

[Thanks hvnlysoldr]

File this under "Trivia": did you know that since Sony owns the rights to the Spider-Man font, it might have shaped the look and feel of the PlayStation 3? According to CVG, Kutaragi insisted on the use of the font, and it was one of the first design elements chosen for the console.

According to Sony's Teiyu Goto, "If you really look at the PS3 contour carefully, it is rounded when viewing the console in profile. Rather than creating a typography with all the risks that entails, it was wiser to use the one from Spider-Man, for which Sony has the rights."

Er, call us confused, but what are all the risks that creating a new font entails? Death and destruction raining down? Sharp edges? Cats and dogs living together? Thankfully, Kutaragi wasn't a hardcore Comic Sans fan, or who knows what the PS3 would have ended up looking like.

On the heels of Sony's decision to delay the European launch of the PlayStation 3, Reuters caught Sony's Ken Kutaragi in a rare moment of straight talk:

"If you asked me if Sony's strength in hardware was in decline, right now I guess I would have to say that might be true."

He left himself some waffle room there with that "I guess" and that "might be" language, so we'll put it to you, dear reader. What's the over/under on the chance that Sony's hardware capabilities have been gaining strength?

[Thanks, Babylonian]

In a disturbing twist, Ken Kutaragi has gone on record stating that the PlayStation 3's $600 price tag is "too cheap." The SCE president has again compared the forthcoming console to a fine dining experience. His argument is that no one calls into question the price differential between some slop at the cafeteria and a meal at an upscale restaurant. From his (deep pockets) point of view, "If you can have an amazing experience, we believe price is not a problem."

Does Sony's braggadocio excite anyone? Because it's turning us off.

After a paltry E3 showing - from a games perspective - it's hard to see the PS3 as anything more than a Trojan horse for sneaking (relatively) cheap Blu-ray devices into consumers' homes. The PlayStation brand is being pimped, and gamers are paying for it, literally. It's ridiculous for Kutaragi to suggest that his company is doing us a favor by launching the PS3 for $600. It's also disrespectful. Who else gets the feeling that Sony is looking down on us?

The PlayStation 3 is being packed full of bleeding-edge, next-gen technology. It promises 1080p gaming, HD movies, TiVo functionality, iTunes-like content distribution, and an Xbox Live-killing online service. BusinessWeek is running an article titled, "This PlayStation May Play Too Much," covering the fear that, with a glut of admittedly expensive features, consumers may be intimidated by the PS3. He compares it to a similarly ambitious Sony project that met just such a fate upon its release:

"Exhibit A: the PSX. Released in Japan in 2003, it was designed to appeal to a broader audience than the hard-core gamers attracted to the PS2. It comes with a 250-gigabyte hard drive and a simple Web browser and plays games, movies, and music. But the PSX bombed as consumers were confused by the hybrid and put off by its $800-plus price tag."

There is a fear that the system may prove more popular as a multimedia device, like the PSP, resulting in a lower attach rate for games, then lower licensing income. With the expected cost of the console, that could prove disastrous. "But since the PSP also plays music and movies, fewer people are buying games designed for it. In the PS2's initial year on the market, players bought more than three games for each machine that was shipped. For the PSP, that ratio slipped to 2 to 1."

More reading:
Engadget points out that BusinessWeek's writer reveals that the PS3 "boasts a huge hard disk to store photos, music, and TV shows." Although the bundling of a hard drive has not been announced, it was widely considered to be an optional feature.

BusinessWeek has a companion story about Sony Computer Entertainment chief Ken Kutaragi, titled "Can Sony's Kutaragi Score Big?" It covers his rise to the top of Sony, his subsequent return back to the games division, and what's at stake with the PS3.

[Thanks for all the tips]