So thier big announcement was Gears 2? Duh.
XNA looks like it will be cool, but I don't know too many people that will be making games and whatnot. Also, this seems to be a blatant ripoff of what Sony was doing with LittleBigPlanet, the whole user-created thing. And now the Zune has games? How well will they control with two buttons and four directional pads? And no Fable 2 release date? This is starting to look like Duke Nukem Forever.