Microsoft always announces a game late into development and close to launch. Gears 2 was announced February of the year it launched (or 9 months before launch), and Forza 3 was announced at E3 in June before launch (or 4 months before launch), but rumored in May.
I wouldn't be surprised if this Halo was launched this year, 343 Studios did promise a Halo every year, and I've read several articles about a Halo project in the works.
E3 will be awesome.
Note: I expect a Halo: Remake for fall this year, and Halo 4 will likely be a late 2012 360 title to take advantage of the 60 million plus user base the 360 will have by then.
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