Ken Kutaragi, the father of the Playstation, industry icon, and current CEO of Sony Computer Entertainment Inc., will step down from his responsibilities in June. He will take on the role of honory board member and technology advisor to Sony CEO Howard Stringer.

This move comes after several other Playstation shakeups, most notably, Kaz Hirai taking over for Kutaragi a few months ago.
Most in the industry, including myself and Allison, believe this is essentially a move to push out Kutaragi after a disappointing PS3 launch. In addtion, it may signal the fact that damaging statements by Sony execs will no longer be tolerated. There has also been a multitude of bad press which I'm sure Sony would like to put behind them.
If only Kutaragi would have read my How to Save the PS3 article, he may still have a job.