In what may be the biggest understatement of 2006, Ryoji Chubachi (pictured), president of Sony, told the Japanese newspaper Mainichi Shimbun that his firm was slow to react to the exploding battery fiasco. "The company should have investigated the cause of the battery problem more quickly," he said. "The worries over the batteries spread as a result." In the interview, Chubachi also argued that Sony was not on the decline, despite the fact that it's had to take a $561 million hit for the battery recalls -- not to mention the continuing PS3 problems, shortages and subsequent consequences. "Either way, it was a process of challenges, still showing the Sony spirit," Chubachi added. We understand Sony's esprit de corps, but given all of its problems, we'd sure like to see a renaissance right about now.