I just got back from a very different kind of event with Sony. Well, maybe event is a strong word, it was more of a sit down with just a few of us gaming journos and some of the biggest names in Sony -- Phil Harrison, David Karraker and others.

It was an incredible discussion because we were allowed to be as open as possible and ask whatever we wanted. Sony, especially Phil, was very honest with us -- or as honest as they could be. Like I have been, I want to break down all the big news in a series of points. Hit the jump for the full disclosure. 

As far as dealing with the community and negative reactions, Sony is aware and they are working hard to change it. 

Key points:

• Brian Crecente sat right in between David and Phil and looked like about as uncomfortable at first as possible. After a while, the ice slowly melted away.

• A developer for Warhawk gave Crecente a pair of brass balls.

• Phil said that your avatar in Home may be used in the future in PS3 games.

• The reason for Game 3.0 was simply to give a label to what is happening in the industry. Phil hopes that Game 3.0 will start a great debate. He wants to establish an idea and unify thinking.

• Sony is taking parental controls in Home very seriously. Users will be able to block out certain people, voice chat and the screen.

• Sony will have moderators within Home to keep the peace, so to speak.

• As far as public spaces within Home, there will be soft and hard caps, much like in chat rooms.

• For the arcades inside Home, Sony had originally planned to have them be Java-based.

• There are three basic revenue channels for Home: object and item sales; advertising; B2B.

• Phil said that he believe Home will sell PS3 consoles. He says it's another reason to use and sell the console.

• Their job is to make the interface within Home as accessible as possible.

• Phil said Second Life and Home are not the same, far from it.

• Sony says they have over 500,000 registered players online and have sold through more than one million PS3 units.