It will have physical media, if you think otherwise, you are out of your mind
He meant a hard drive. ;)
No he didn't. "100% downloads" and "no hard drive" do not go together. If you download a game, you need somewhere to store it, no? Otherwise, no PS3 game can be more than the 8GB of RAM the thing has (and it's unknown how much of that is taken up by the OS/GPU). Also, having to download several GB of data every time
you want to play a game is hardly good for business.