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I laughed through most of the MS conference, mostly during the stuff I found uninteresting, like kinect (which I have and dislike) and the other non-game things, but how would peoples perception change if those opening trailers happened at the end? If it was ended on a high note, would the conference have been perceived better?

Same would go for Nintendo, if NintendoLand was not at the end, but say they ended with Pikmin 3 and some other things they started with, how would it have been perceived?