Well, here's my 2 cents on the matter.
Microsoft almost pulled a Nintendo back there tonight. Almost...
They started OK, getting all the multi-platform titles out of the way, which were just MGS Rising and Call of Duty: Black Ops.
Black Ops was impressive, but I was never much into it.
Rising seems like something between classic MGS and Ninja Gaiden. Weird, but cool, arguably the show's biggest point.
The we get to the meat which are the 360 exclusives and Microsoft seems to have dried up in terms of creativity. Crackdown 2, Gears of War 3, Halo: Reach and Fable 3. Sequels, sequels, sequels. They didn't bother to give Alan Wake DLC some space(though I was told that there was some Alan Wake DLC talk pre-E3).
The only curious aspect was Crytek's mistery title, but it could be anything from a hack&slash title to a strategy game(it sure looks like the latter, call it a hunch).
And that's it... For the exclusive core games. Very lame.
Then there was the ESPN announcement, taking way too long and only appealing to US gamers, for everbody else it was a waste of time.
Then we get to the awful Kinect presentation.
We don't start with games, we start with annoying features like learning how to pause a video and select stuff. Wow.
Or engage in a painfully obvious scripted conversation between a dev and her sister, to which at one point, they start talking about gamerscore, and I was lost for a second when I had the impression they were addressing 13 year-olds that compare game lists and scores with one another.
Then there was the actual Kinect games. Some were acceptable. I did enjoy the fitness game from Ubisoft. It's cheaper than using a gym, 'cause where I live they are expensive as hell.
Joy Ride seems like good fun. Dance Central doesn't look like the kind of game, one would play voluntarily without making a fool of himself. A Just Dance rip-off, that's for sure.
The staged dance sequence was a bit silly, but at least they practiced instead of making a monkey out of themselves like Miyamoto and crew did at E3 2008.
And th Star Wars vid was cool, but perhaps it was still too early in development.
I didn't see the 360 slim unveiling because I was off having dinner, but I watched the recording later. Perhaps the show's saving grace.
Long story short, Microsoft seriously needs fresh IPs and keep the cringe-worthy Kinect remarks to a mininum.