Ugh - guys please don't be fooled by this. The guy has no journalistic integrity whatsoever. Remember the last.fm fiasco?
http://www.itworld.com/business/63085/lastfm-tech-crunch-and...
He's a very opportunistic person. Ranting against popular business practices produces great publicity. So does posting a very damaging but completely unverified rumor. Arrington has done both, which is why he is hardly the Robin Hood of web2.0.
Yes, occasionally Arrington's flamebaits produce some good. But overall TechCrunch is a mediocre and irresponsible "publication". I think it's a tragedy that the network effect has resulted in a clown running the most important blog about web start-ups. Imagine if the WSJ or NYT was run like TC.