Executive Producer Joseph Tung and Sandbox Specialist Sage Merrill step into the recording booth to sound off on Halo: Reach's development process, weapon loadout, and gameplay sandbox. Also up for discussion: blazers, beards, and Luke's busy weekends.

~Bungie.net

Here's the direct download link:
Bungie Podcast 1.27.10

You can also go to the Bungie Podcast Archive to download it to your iTunes!