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red_dragon said:
I take this unveiling as two things from Sony:

1. They are trying to get this out of the way because it would probably go to be over shadowed by Natal at E3.

2. Sony has to announce their 2nd half lineup for this year at E3 and is expecting bigger motion control games there.

The time to start telling people about your end of year lineup is now, not E3.  E3 is when you start hyping the next year.

Just look at Microsoft's X10 and Nintendo's Media Summit.  Basically everything from the two has been announced save Zelda, and even then Nintendo has said like 10 times that they are going to announce it and its coming this year. 

Sony's GDC conference should focus on Arc, 3D, and their line up for the remainder of the year (particularly the part of their line up that'll back up those two, like the rumored Killzone 3). 

This GDC sould be their biggest since 2007 (when LBP and Home were announced), since they've seemingly skipped their Destination PlayStation conference this year, which is usually held in February (and which was where LBP and MS were announced for PSP last year).