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If MGS5 (assuming that the timer is for that) timer ends on the day (or day before in japan) of the MS E3 conference, it could also possibly mean that Sony would use this opportunity to use the internet to completely take the wind out of MS sails.

I mean, how many people found out about FF13 last year through watching the conference and how many found out due to internet forums going on a rampage afterwards? If Sony were smart, this would be much bigger on the internet than on E3.

How interesting would it be if that timer was the opening video for MS's press conference though? Blacked out room and then suddenly that timer flashes up on the main screen. That would actually be amazing (and possibly the best E3 conference opening ever)