It's difficult when there's nothing you can hold on until E3 2013 or equivalent, I'd rather know what to expect in future. If they won't show anything now, I won't be interested in buying their hardware and chances are many will do the same. As a result third parties will be scared away because of low interest in the hardware and even less games will be made...and so Vicious Circle closes.
Besides...well, might not be a good idea to throw this in here, but sometimes I wished that those E3 conferences would be like Apple Developer conferences.
Video games: See these shiny new games? You can buy and play them in 5 months, assuming no delays happen.
Apple: See this shiny new hardware with ultra high resolution screen? You can buy it right now.








