Cunning as Zeus
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Not really. He's been replaced as President of SCEI by Kaz Hirai (head of US division).
http://www.digitalworldtokyo.com/2006/11/kutaragi_removed_from_job_in_s.php
http://www.digitalworldtokyo.com/2006/11/kutaragi_removed_from_job_in_s.php