If it half hour that's:
Intro: 3 minutes
1st big game: 5 minutes
2nd big game: 5 minutes
Release dates for Bayonetta, X etc: 2 minutes
Sizzle reel for indies: 3 minutes
3rd big game: 5 minutes
NFP: 5 minutes
"Check out treehouse and farewell": 2 minutes
That's not a lot of stuff shown, I'll be very surprised if it's not at least 40 minutes long
Then we can add:
1 more thing reveal: 3 minutes
Smash character reveal and tournament trailer: 2 minutes
4th big game: 5 minutes
Still seems rather light though.