I stumbled upon the reference to this video just yesterday and immediately had to check if there is a version online. Although it seems as it has been cut, concerning the date (1972) it could be considered quite visionary. This makes one wonder if we have learned anything new in the last (almost 40) years. It seems like design is still trying to catch up to this ideal state, described in the video.
A transscipt of the video can be found here. Would have loved to see the original (if there is an un-cut version).Google+