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I feel that Microsoft's E3 will be predictable and will be showing games we already know about: Halo 5, Gears, Scalebound, Phantom Dust, Quantum Break, and Tomb Raider. There will be a surprise or two. MS tends to play their conferences "safe".

I enjoyed Nintendo Direct from last year. I thought Nintendo won last year's E3 because they announced a bunch of new games that were interesting. I expect nothing different this year.

Sony's situation is interesting. They like to focus on E3, Gamescom, and TGS equally. It was also confirmed that PS Experience will be annual, so Sony has basically 4 major conferences to cover. In addition, there will be another PS event on Feb 13, though I think this event will focus more on services rather than on games.