I am sure the PS4 reveal did change some things as far as what MS wanted to show based on their reveal. If the April rumor for their reveal is true then its possible that MS changed their schedule to be able to show actual hardware working with actual game. If this was the reason MS delayed to may in order to have that type of demonstration, then it probably was a smart move.
As some have mentioned, one of the biggest outrage about the PS4 reveal was there wasn't a PS4 revealed. Yes we got the specs but people like to see the design and the actual console throwing up the lovely graphics instead of a PC behind the scenes. If MS has some impressive games to show at their reveal and they are actually running on the hardware, this will send an impression that the nextbox can produce the same level of graphics maybe even a better experience then their competitor.
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