Perceptual MP (PMpix) is DXO's lens sharpness measurement. They take test measurements to determine the lens' MTF (lines per mm reolved) and convert that to how many pixels are required to reproduce those lines (system MTF).
What is interesting/significantly different from other methods is that, instead of reporting MTF at a given contrast percentage (i.e. MTF50/MTF30/etc), they calculate what you can perceive based upon the human contrast sensitivity function (CSF for 20/20 vision).
What's even more interesting to me is that the MTF that most closely correlates to the human CSF for standard viewing distances is 90%, and a higher contrast requirement results in a lower resolution requirement/capability. That might seem contradictory, but it makes sense when you correlate it to the fact that the standard for sharpness (COC) requires no more than 2MP from a FF sensor. And the max resolution a human can perceive is somewhere around 12-14MP in an image (@ standard viewing distance).
Basically, what Tony says in that video is technically correct. But IMO it is making a big deal about things that don't really matter (much like the whole "equivalence" thing).