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Ok so, these are my realistic expectations from some of the participants:
Square Enix – FFXV trailer in English. “Please be excited”. DQH coming out west. Vita games, it’s Chaos Rings III and the FF Agito that was recently released in Japan
Aksys – Guilty Gear playable
From - Bloodborne gameplay demo
MM – Tearway Unfolded PS4 gameplay demo
SSM – Helping out other developers as they always do.
Capcom – Street Fighter and Deep Down
SOE - Planetside 2 gameplay demo. "Beta available to download right now on PSN"
Ubisoft – AC:U, AC:R, The Crew, Far Cry 4 (these are confirmed). The Division new trailer.
Telltale - Game of Thrones demo. Teaser for Ep 2.
Activision – Call of Duty and Destiny DLC
Bandai Namco – Dragon Ball
Sucker Punch – infamous expansion pack, i.e., infamous 2nd light
Double Fine - Grim Fandango new trailer + release date mid 2015
WB Games – Batman playable demo. Witcher 3 trailer, Mortal Kombat X playable demo, Dying Light demo, Mad Max trailer
Atlus - Persona 5 playable demo
Disney – Disney Infinity 2.0
EA - Battlefield hardline, Madden, Fifa, UFC, NBA Live (these are confirmed). Hardline beta date revealed.
RaD - Order 1886 gameplay demo in a new stage
Naughty Dog - Uncharted 4 gameplay demo
Guerilla - Killzone SF DLC
San Diego – Collaborating for a new sports champion game
Other –Indie games, No Man Sky is given a playable demo as is The Witness. Indy vita games. Sales talk update. Morpheus is shown with the same demos that they had in Japan. Surprise game/reveal is GT6 XL for PS4.

And my wishful, but "somewhat, someway I can see it happening” predictions. If I don’t see anything besides what I mentioned above happening, I didn’t repeat it here:

Square Enix – Along with the above, DQX coming for PS3/4/V.
MM – Tearway Unfolded PS4 gameplay demo and a Morpheus demo
SSM – GoW 4 or new IP teaser. GOW saga in 1080p remastered.
Capcom – One of the following: A beloved older IP like Onimusha reboot OR a remake of an old classic like RE2 OR a new game in a main core franchise like MH or RE.
SOE - Planetside 2 gameplay demo. "Beta available to download right now on PSN". H1Z1 demo. "Beta available to download right now on PSN". Everquest Next trailer.
Ubisoft – Beyond Good and Evil 2 trailer. BiA 4 trailer
Telltale - Along with the above, walking Dead S3 teaser. New game based on another big franchise.
Bandai Namco – Tales of Zestiria PS4
Double Fine - Grim Fandango new trailer + release date mid 2015. Double Fine also acquired and is remaking another old, beloved franchise from Lucas Arts IPs.
EA – Along with the above, PvZ 2 coming to PSN as a cross buy game (PS3/4/V).
Naughty Dog - Uncharted 4 gameplay demo. Uncharted HD trilogy coming first half of 2015 and it will have beta for Uncharted 4 multiplayer
Guerilla – Horizon new IP trailer shown. WRPG/Shooting game hybrid.
Other – Morpheus gets new demos. No Man’s Sky, Gran Turismo 7 are confirmed to support Morpheus. Release date is 2015 along with a new move controller that will be reintroduced. Other games confirmed to have Morpheus support, including Uncharted 4 and Silent Hill PT, are revealed in a list. PS1/PS2 software emulation support coming to PS4 Spring 2015, trophies will be included (as per the sony patent) and the emulation will upres the game (think PCSX/PCSX2 on PC). As a way to celebrate, some DQ games are released on PSN (maybe DQV and DQVII) Finally, to end the show, Crash reimagined is shown. They are wiping the slate clean and starting fresh with the franchise. Developer is SCEJA with ND overseeing development. Sony confirms it has acquired the IP from Activision.

I expect the VGAs to have some surprises, like Mass Effect 4, ME trilogy HD, Fallout 4, Fallout 3/NV HD, Bioshock HD collection etc as well.

We'll see how off I am in less than a week lol