On the latest episode of the Bonus Round, Pachter mentioned that Microsoft told them their major focus is on new services and multimedia content as opposed to games.

(On visiting MS in a few weeks) Pachter: "They told me don't expect a lot of game stuff, expect a lot of dashboard, interface, multimedia."

http://www.gametrailers.com/episode/bonusround/604 

http://www.neogaf.com/forum/showpost.php?p=37622905&postcount=1

Microsoft to have weakest E3 2012 confirmed?

all i hear is of the services and not games. i honestly think MS don't care about games and just want a multimedia box in peoples house.

Nothing new there then.

Sigh....

The question is, would they tell Pachter if they were planning something bigger?

So still no Killer Instinct 3 or Shadow Complex 2 then *sigh*

Lets hope this was reverse psychology on MS's part.

Im really running out of patience at MS. But I still love their games

Sigh, still waiting for the Conker sequel.

If Microsoft have no significant games for E3, then they've already lost it. Extra services, almost all certainly tied to a Gold account so they can 'monetize' us, are about as attractive to me as a Ballmer forcing a 360 down my throat, that manic expression of his leering down at me as he squeezes it in.

I need new games, Microsoft. Justify my ownership of your console, please.

The problem is that the consumer gives them no reason to release retail exclusives. The 360 usually dominates sales charts in the USA with what tends to be a purely third party retail lineup for the last 4 years. It's the consumer's fault for having such low standards if anything, not Microsoft's.