I had to lipread your video (my soundcard was dead) I agree with the statement you made, You then go on to support your argument referencing people who actually matter in the grand scheme of things. No case to argue.
Just got this info from Matt Cutts blog Rand has visited Google and Yahoo , Guess what he would have told Matt! (Definitely some thing about directories) see here for more http://www.mattcutts.com/blog/short-bits/ http://www.seomoz.org/blog/visiting-google-yahoo-yelp-more