I give it an 8/10. If your not a kinect owner I would understand why you would be disappointed, but being a kinect owner I actually enjoyed it. A lot more focus on core games for kinect, which I really liked.
The things I liked were...
+Huge XBL dashboard update, Youtube, Live TV, Bing search, UFC, etc.
+Ghost Recon with Kinect was awesome imo
+ ME3 voice controls were neat
+ Halo Anniversary was freaking awesome, first day buy.
+ Ryse was really neat looked really cool with Kinect.
+Forza 4 looked awesome
+ Gears 3 will be EPIC
+Halo 4 OMG
+ The first dance central was great, Dance central 2 should be awesome, plus transfers song thing was neat.
+ Kinect sports 2 is another game that should be fun.
+ Kinect Fun Labs looks really neat, plus releases this today.
+ Fable Journey looked ok, kinda skeptical
+ Minecraft looked sweet, using kinect should be fun.
+Future EA sports games will use kinect
+ Star Wars looked good
Things I didn't enjoy....
-Disney looked good, but not my type of game.
-Sasame street, I didn't think needed to be shown
- Tomb raider looked good, but no exclusive content so I don't understand why it was shown
-Where was RARE??!?!?!
-No new IP's were announced
-No Alan Wake?!?!?!
Overall I enjoyed it. IMO a lot better than Last years.