MEMRI TV, natch. Click the image to watch. Transcript here.

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UPDATE: Richard Miniter sees the release of tapes from Bin Laden and Zarqawi this week as Al Qaeda’s version of the Rap Olympics:

[I]t appears an intense rivalry is emerging between Messrs. Zarqawi and bin Laden. A letter from Mr. bin Laden’s deputy, intercepted in 2005, entreated the Jordanian to send money to his masters. Other captured letters and an e-mail sent to a London-based radical cleric demonstrate the Al Qaeda leadership’s increasing impatience with Mr. Zarqawi’s strategy in Iraq and his attempt to stir up a civil war by killing Shiite civilians.

“I think the key question is, why did they release the video? Showing up on a video shows that he is in a good position and that he can deliver messages just like Osama bin Laden and Ayman al-Zawahri,” the director and co-founder of the SITE Institute, Rita Katz, said.

UPDATE: Rusty makes an interesting connection.

UPDATE: Rusty posted an update shooting down Miniter’s theory. Click the previous link for details.