 It's been called a game machine, it's been called an internet console, it's been called a multimedia player. It's really not one of those individually, but actually all of them together. Pippin technology is technology derived from the Power Mac architecture. It's been derived here at Apple Computer, represents sophisticated computing, but in a consumer appliance. As a developer and a student, the thing I like most about a Pippin is its ease of use. As a developer I find it very easy to port titles across from the Macintosh platform to the Pippin platform. As a student I find it easy to access the internet and run multimedia games. We think that Pippin represents the next generation of a lot of the things that you'll be seeing from Apple. Pippin is technology developed by Apple Computer and it's technology that we are licensing to a number of our partners who are developing products around us as a platform. And those products are meant to address an entirely new space in computing. The space really will be much more in the vein of media appliances, appliances that can play back multimedia interactively to consumers, as well as giving them access to the internet and other online services. The Bandai, one of Japan's largest children's entertainment company, is the first licensee. They've incorporated the technology in this box, which is the at world. Some of the advantages I believe of using Pippin technology is that it provides a low cost way for developers to get their titles into the home and also for developers to advertise on the internet. Pippin is not a completely new type of architecture. It's based on Macintosh. And so if you're a Macintosh developer today, you really don't have to do very much in order to get something to work on Pippin. Basically, developing for Pippin is exactly the same as developing for the Macintosh. We tell people to use the same development tools that they use when developing Macintosh software when developing for Pippin. What's unique about Pippin is that a title that's developed for Pippin can also be run on a Macintosh. This is very unique because you don't really have a proprietary platform that you are waiting for an install base to grow on in order for your title to be successful. The other interesting part of course is that it is not limited only to Pippin and to Macintosh. One can easily include a Windows version of the application that you may be writing the title. And then you truly have a hybrid disk able to deploy across a huge number of platforms. This is one of the most exciting stories to our developers. Pippin is the only company in the industry that has not just the software and the hardware but we also have great development tools and we also have great content already available on Macintosh. We think that all of these things combined make it possible for developers to get involved in this new generation of products with very little incremental risk. Pippin is very exciting as a new class of consumer appliance because it really starts to address a whole new market space that personal computer companies have not really tapped yet. One of the exciting parts about Pippin is that it repackages very powerful technology. Power PC technology from Apple, Macintosh operating system, the very best in CD-ROM technology and audio quality into an appliance that's easy to use and has a very obvious usage model for the consumer.