For his first formal television interview since taking office, Obama chose the TV network Al-Arabiya. It may take a few days to fully digest the conversation and its impact. In the mean time, you can read the interview.
For the full transcript head over to http://www.alarabiya.net/articles/2009/01/27/65087.html#004. Do not bother looking for a transcript at WhiteHouse.gov because apparently they are purposely omitting press briefing transcripts (http://www.weeklystandard.com/weblogs/TWSFP/2009/01/new_transparent_whitehousegov.asp).