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I expect someone to announce some sort of new Handheld Hardware, either Sony will reveal the PSP2 or Nintendo the DS2. MS isn't going to enter the handheld market.

I think a third party will anounce a huge exclusive for the 360 this year. What exactly that will be I'm not sure but I have a feeling MS deep pockets are going to buy them something big.

Bungie will announce their New IP exclusively for the 360 after their presentation for Halo Reach.

Also a bunch of Natal stuff and a new dashboard update for the 360 with several new features like Hulu

for the PS3 I'm really not sure I expect them to announce the next Twisted Metal game, show more for the Move as well as more info on The Last Guardian and GT5. Also possibly the announcement of KZ3 and Resistance 3.