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Mike_L said:

Regarding this year though, I think Microsoft can take advantage of the somewhat low expectations. After last year's TLG/FF7/Shenmue/Horizon/etc the expectations for Sony's conference is through the roof but Microsoft has been a lot quiter than they use to be and that may prove to be smart.

If none of the big PS rumors turn out true (Dead Don't Ride, Crash Bandicoot, Agent, Kojima tease, TLOU 2 tease, Spidey game from Sucker Punch, big JRPG from Japan Studio, Ape Escape 4, Killzone 4, etc) and they "just" show God of War IV, PlayStation Neo, PlayStation VR and new trailers from already known games (Horizon, Gran Turismo Sport, The Last Guardian, Detroit, Dreams, Gravity Rush 2, Uncharted 4 DLC, No Man's Sky, etc) Microsoft will be able to run with it. I know that'd be the worst case scenario for Sony but they could very likely disappoint many fans by using too much time on Neo, VR, COD, Destiny, etc.

 

Microsoft on the other hand seems prepared this year if rumors are anything to go by:

Xbox One Slim priced at $250 (40% smaller and no power brick) - Link
Xbox One Scorpio with VR compatibility releasing in 2017 (might not be at this year's E3) - Link
2 new Xbox streaming devices - Link
Xbox OG
 backwards compatibility - Link
Xbox One mouse and keyboard support - Link
Forza Horizon 3 (set in Australia) - Link
Dead Rising 4 (exclusive) - Link
State of Decay 2 (exclusive) - Link
New Battletoads (Rare's new game) - Link
New Age of Empires - Link
Exclusive 3rd party remake (could be Dead Rising 4 though) - Link
Exclusive 3rd party JRPG (could be Project Kyoto from Mistwalker and Silicon Studio) Link
Gears of War 4 (new trailer) - Link
Halo Wars 2 (new trailer + beta + 2016 release date) - Link
ReCore (new trailer) - Link
Scalebound (new trailer) - Link
Crackdown 3 (new trailer) - Link
Killer Instinct Season 1-3 (retail release + new character trailer) - Link
Sea of Thieves (new trailer) - Link
Halo 5: Guardians (PC release) - Link

So if every rumour about new games on Playstation is false, and every rumour about new Xbox stuff is true, MS win.

Ok.

There is no way the only new game Sony will have is God of War IV