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They cannot announce games as fast as anyone would like.

Substantial updates on a game's development can't be more than every 6 months to a year without putting the team in a constant state of promotional material generation.

Major new first-party titles were basically reserved to E3 in previous years. If you spread that over a whole year of Directs, it's unlikely any individual Direct will even have one, let alone a huge blowout of anticipated new games.

We have release months for Mario Kart and Smash Bros. You won't get more detailed than that.