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I really do think games are being announced way too early. And the simple reason for that is because we are currently just starting a new generation. All the companies want to showcase their games which they've started working on, but clearly they need some extra time to get used to the new hardware and release those games.

You could clearly tell games like Final Fantasy XV, Kingdom Hearts 3, Mirror's Edge, Division should have not been shown at last year's E3. Some of these games even being released in 2015 seem somewhat unlikely and announcing them 2+ years prior to release is too long a wait. I feel they really should have announced these games at this year's E3 to set them up for a fall 2015 or early 2016 release. Making people wait since last year's E3 and then announcing a delay will only disappoint people.

That being said, I guess they do need to announce something at E3 and not say anything at all. I think this will get better with the next round of games into this gen.