Google has posted the transcript here. Thanks Gary!
And the video is here and below, thanks Soren!
http://www.the-public-speaking-guide.info Leif
Interesting stuff. No matter what he says, if I was the CEO of Microsoft, I would definitely feel threatened. People love Google as a search engine, and are getting used to gmail and google calendar. The move to use the rest of the office applications is quite small.
Microsoft has a good share of the office application market now, but they do not have a good market of web applications.