Here is the Q&A session on video, thanks to Zen Master Lee in Steorn's Forum:
Sean states that due to this blunder, which he takes full responsibility for, there may be a need to re-evaluate their cryptic approach. Who knows what will happen next.
Also, Sean mentions that the engineers are still working on fixing the problem, but he's not going to commit to a deadline for when they get it working. He even suggested that next week is possible.
meta just posted this analysis on Sean's watch bearings comment:
What I found curious is Sean said they were using bearings from the watch industry, which are usually "jeweled bearings", they are designed to give very low drag-a jewel with a steel pivot running in it There are some small plain and ball bearings used too but...even small 1/4" x 1/8" neos throw some big shock loads when you run them past each other. I do not see watch type jeweled bearings surviving very long, they are not designed to take much load, or shock, at all. Nor do I have much confidence in any other tiny small bearing used in watches... this revelation about watch bearings just boggles my mind.