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Th3PANO said:
I guess it was the other way around, big talks from Sony saying "we let Microsoft make the first step"

I was thinking this as well. Sony announced that they were going to let MS make the first move. It is possible they decided to take some ideas from MS and create a mock up presentation. That could be why they did not even have a console to show. It is also possible that they were afraid that MS got a hold of some of their ideas and wanted to make it know first. Who knows, it is all conjecture.