It's 25 minutes long, and a bunch of it is the Engadget interviewing trying to goad him into insulting Android vendor's reskins but when he lets him actually speak there's some interesting info about Google's strategy.
For example, referring to the Nexus S as a "concept car" intended to advertise the engine they give away, and buttons (and other things) becoming optional in future Android versions to allow vendors to make their own decisions about what is best.