I don't know whether to laugh or to cry... Node/JS may replace EventMachine/Ruby or Twisted/Python for quickly whipping up an evented app or service, but it will be quite a while before anyone would consider moving an erlang project to node. Node is little threat to the distributed, fault-tolerant, concurrent niche that Erlang occupies -- within that realm there is nothing you can do in node that can't be done better in erlang and a great deal of bulletproof infrastructure in the frameworks built up around erlang and its vm that node will never come close to.
Hubris much?
What he says is basically true. Node is never going to replace Erlang for the same reasons it will never replace C++. Erlang is simply different from Javascript and no amount of runtime improvement can change that.