I'd recommend watching the Sep 2010 presentations on Fast Transfer and ICS (both by Joe Warren as well) before watching this one. There is a lot of assumed knowledge that was covered in the earlier series.
I was at the talk, and while it was a bit difficult to follow, it was OK live. I don't think this version is as easy to follow as the live version.
There was a follow-on talk (in the Windows part of the interop event) presented by Nick Meier that covers some of the same material. That may be a useful adjunct.
That said, none of this is a substitute for being hands-on and working on the real test suites and having the test suite developers (i.e. the whole team) in your office working on the issues. That was a great experience!