That would be a short show, they will have more than that.  Lionhead has been working on a new ip, so I'm guessing they will show that off, probably try to show some phantom dust footage with an announcement of a new developer.  As well as some new collaborations and surprises.

also, what is this espionage game you are talking about?  Are you talking about the game black tusk cancelled when they took over the gears of war ip?

Yes and the best part is that most of these exclusives are big games. It should be a pretty good showing for MSFT.

Oh yep you're right:
https://www.youtube.com/watch?v=DXsJdTJQIFA

And that not what I expect from the entire show, thats just the "new stuff", should have included Tomb Raider gameplay reveal. Quantum Break will be there, Fable Legends too. Considering how Microsofts shows are 1h30mins thats quite alot with room for 2/3 third party stage demonstrations. I don't think we'll see from Phantom Dust for a while, Lionhead may be ready to show off something new I presumed they were caught up with Legends. I think if there is more surprises it will be third party exclusives ala TombRaider. 

I think they'll have Halo 5 singleplayer reveal (I think this might replace CoD this year)

Forza 6 naturally (Will this one have weather? Maybe)

Tomb Raider gameplay

Scalebound and Crackdown (I think QB will be at Gamescom)

That Joe Montana game that everybody seems to be constantly forgetting about

Battletoads as a digital title, a couple (like 2 maybe) more exclusive indie/digital titles

New Rare game

Maybe another third party exclusive

And Gears Remaster and Gears 4 teaser.

Fable will be at Gamescom as well I think.

Yeah so quite exclusive heavy.

I'd certainly hope so.

it will have to be exclusive rich, all the third parties are on sony's stage it seems.

question is how much is new and how much is scalebound, crackdown, phantom dust (if it still exists), halo 5, quantum break, tomb raider, forza 6, fable ledgends. of the announcements how many aren't leaked or are the announcements limited to gears remake, gears 4, and joe madden football.

NO!!! what they mean is they will be the 1st party to get an offer in to buy timed exclusivity and timed dlc and just throw money around the place

they are announcing a new Banjo Kazooie game at E3, i know it

Hey did say that they have more than they can possibly fit for their press event, so things are looking good for Xbox. : )

A lot of people is forgetting that Hololens will be at the conference and I don't think it is going to be for just a couple of minutes. My opinion is that they are going to talk about it for a minimum of 20 minutes. So it should be taken into account too.