Doh, it appears Hollenshead isn't in the video at all. Anyway, the best I can remember, Todd was talking about how they're going to get straight to work on their next game, and it's going to be a new intellectual property, the following is his words the best I can remember "We're not going to do a Doom IV, Raven is working on a Quake IV, and another company is working on something new with Return to Castle Wolfenstein."
It was pointed out after the clip cuts off. I think they said something like there was something else interesting in our footage, and I'm pretty sure they showed Todd saying that again, and afterwards exclaiming about it.
Pulse is on right now, the same episode, trying to find a microphone to record it :\