The only problem was the amount of hype the trailer got. Spike decided to make it a centerpoint of the awards. But they didn't get any of the good stuff, that's for Microsoft's E3!
Everyone knows Halo: Reach is going to be amazing. It's just that gameplay was... expected! Or at least something 'actiony'. In that vain, the trailer didn't do much for me. Gotta wait a bit longer!