This is severely flawed logic, and contridicts his own claims. If you measure point to point bandwidth, then the PS3 most certainly does not have 48GB/sec bandwidth. Cell cannot access the GDDR-3 RAM, so there is no point-to-point communication there.
If you were going to accurately measure point to point bandwidth, then RSX has 22.4GB/Sec to work with, and Cell has 25GB/Sec. RSX can access the XDR Memory, but that takes both RAM and bandwidth away from cell, and also introduces to rather disturbing latency issues.