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I'm disapointed that I have to make the same post every year ...

GDC is not a conference like E3, and there is not (typically) a great focus on announcing games beyond showing of new technology. The reason why Epic, Valve,  id, Havok and Microsoft have such large booths (in comparison to a company like Nintendo) is they are trying to convince developers to use their game engined or development tools.

A "Big" announcement from Microsoft, Sony or Nintendo at GDC would more likely be that they have produced a royalty free 2D engine for producing downloadable games for there console than a big exclusive game ...