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1. Why would they announce this at E3 and not TGS?

2. I imagine this would go the route of Star Ocean.

3. Why would Microsoft even spend money on getting this on the 360? (if they did) At most the game sells 350k and moves a small fraction of consoles in Japan. The DS game only sold 300k and only 160k in Japan, although I realize it was a spin-off, can we really expect the a VP 360 game to do much better?

VP is a drop of water in a really big bucket when it comes to sales and impact in the grand scheme.