He said "marketable IP" (i.e., "useful IP") not "patentable IP".
I think that was sarcasm.
I'm pretty sure it was sarcasm. IBM is infamous for their massive patent portfolio. Just about anybody who knows about patents knows that IBM has a metric ton of them.
Yeah, unfortunately the Watson's group problem is going to be keeping the life raft from being being swamped by everyone else on the ship. If we see 'Rational Watson Powered by WebSphere' we'll know they didn't swing the oars hard enough...
if only they had a credit card signup page... you know to let people pay for it...