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You pretty much nailed it, there was little to no new info on Gears 3 or Reach. The same goes for GT5 despite the preview. However, it is interesting to see how many 3rd party games made the 360 list, which would be all 5 of them. It is strange to see how much effort Microsoft puts into Japan and the US, but Europe is largely ignored. 

I think Sony is doing a good job of morphing into Nintendo. Just like on the Wii, Sony gets a lot of good 3rd party games, yet no one cares because Sony's first party offerings are so much more appealing.