I'm not sure of what to think of that really. Flashy, impressive and a lot of promises, but looking back over the content, very little was delivered. They need to deliver on those promises at E3.
Still, they've did show off a lot of mainstream content, sports, TV and movies, so they've done a good job at trying to capture the US audience.
Overall, not as good as I thought it would be, I was expecting a megaton.