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I wish more publishers would do it like Bethesda does - announce game at E3 and then release it before the next E3 at least. But I don't see it happening with platform holders. As others said, they announce early to create hype around their system. Microsoft said that they don't want to announce too early after what happened to Scalebound, Fable Legends and Crackdown 3. And now everyone thinks that they've got nothing to show. Probably it is true but maybe not. So right now it looks like not announcing too early hurts platform holders way more than announcing too early.