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While I think MS had a better E3 than Sony, Sony has done a much better job, since then, of keeping their fan-base engaged.

If I was a Microsoft PR guy I would absolutely be interested in re-energizing the 360 faithful, and nothing does that better than new games. But seeming as Itagaki has stated that he is not announcing anything at TGS (and there is no guarantee he is even working with MS), I wonder what they do have to show?