All,

Fascinating press conference. In summary:

Recommended Termination:

F-22 (stopped @ 187)
FCS vehicles (all - unsure of NLOS-C)
DDG-1000
Further C-17 Buys
Army BCT's halted @ 45 vice 48 to increase available manning, no change in endstrength increase though.
Presidential Helo
Next-Gen bomber (pending QDR)
JIEDDO and other ad-hoc organizations
TSAT cancelled
Winners:

F-35 increase
F-18 increase
UAV Increase
TF Odin-like increase
More $$ for helos - crews and airframes (?)
More SF support
DDG-51 restart
LCS increase
No change/limited info:

JTLV
EFV
Carriers (10)
FCS "Spinouts"

Gates told Congress basically to "do the right thing". That I will be interested to see.

Can't wait for Congress' and the defense lobby's reaction ....