I cannot help but giggle at anyone expecting a new JRPG of high production value. LO2 if made will cost a fuckton, why would MS not announce that at TGS? I remember Ninja Blade being announced at a similar event........yeah like I said don't get your hopes up.
Then you get those making comments like "expect KH to be announced" and have a name for thise whom say that, I will be banned if I use that word so will stay quiet.