According to MSFT "Planned BIG E3 Announcements"

[Nautilus]

ganoncrotch said:

Nautilus said:
Hope we finally see whatever retro is doing, wether is a battletoads game, banjoo-kazooei or something new

Most likely not during the msft show tho? :D unless there is a realllllllly Big announcement to be had at E3

Sorry i meant Rare.I already fixed my post.