The video says "It's like a giant iPhone, but ... it's like a giant iPhone." in reference to the iPad and then goes on to say "Android OS, but Android OS for a phone." in reference to the Samsung Galaxy Tab. The video doesn't have any text for the last screen: all we see is a cloaked tablet and a bee buzzing around a new red Motorola logo.
The bee is of course a reference to Android 3.0 (codenamed Honeycomb). Less than two weeks ago, Andy Rubin, Android's co-founder and now vice president of engineering at Google, showed off a Motorola tablet prototype at the D: Dive Into Mobile event. Rubin said the hardware featured a dual core 3D processor from Nvidia, while the new OS had video chat, a new release of Google Maps, an updated Gmail app, and a redesigned desktop that takes into account the extra screen space of tablets. The tablet itself featured no buttons, and the OS seemed to compensate for this with on-screen elements to launch search and apps.