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thismeintiel said:
Well, MS is investing less into Xbox, so this will become the norm. 1 or 2 conferences, with mainly yearly games announced and a few smaller advertising exclusives.

Hmmm, bringing out 2 consoles really does not sound like less investment.  Maybe its just timing.  If you really have nothing big to announce besides what they already did then no need to spend a huge amount at these conferences.  As Phil stated they will have their own private event during those conferences probably with a more focused view of what they are doing.