Sounds like bullshit.
700 million to be stuck up the clouds of developers to keep games exclusive for 6 to 12 months.
Only sounds bullshit to a Sony fanboy, yes they have heavily emphasized it but it's nothing that Sony isn't capable of either. I bet Gaikai sounds absolutely fine to you, but Windows Azure/Cloud capabilities are a fairy tale? Tell me something, if Sony is promising streaming full PS3 games via the cloud, why wouldn't MS be able to do the same thing but with current games?