The showing Kinect looked cool.  I can see what Microsoft is going for with the presentation.  I think they may be onto something and can see how what they have is a casual gamer's magnet (ESPN was a plus).  They showed some of the top core gamer stuff also at the beginning.  This being said, however, I count there being a bunch of fail in the press conference.  Ok, maybe you evaluate the entire E3 and announcements, but I see here as fail:

* The announce the new system, but no price cut on it.  This was a fail from the press conference.  Fortunately there was some sort of price cut announced afterwords.

* No mention of anything over Arcade, Indie Games, or Game Room.  This is a fail for me, particularly regarding Game Room.

* No sign shown for any core gaming using Kinect, ALTHOUGH I have this feeling that Rising is likely to use Kinect, for some reason.

* WAY too much Kinect stuff shown.  Well, on a personal level, and in the mind of what would be for core gamers.

* No mention of price of Kinect.

As for the rest, well any fail is a fail because I can't remember it.

I am very disappointed as well. I was expecting something very exciting but all i saw were casual games. And a little bit of hardcore games.

The front loaded the hardcore stuff (to be fair, the hardcore stuff is likely to be sought out by people on sites like this), but the rest seemed to be a shot at Nintendo, with Microsoft showing all the stuff that Nintendo has been making money on.  Oh, and the animal game was way too cute.

They showed Reach, it delivered, now time can't flow fast enough to this fall!

Also, that Your Shape demo really showed how precise the device can be. It impressed me, and it kind of scares me at the same time...!

I'll have to agree...not packaging natal with every 360 sold is by far going to go down as one of the worst console business strategies of all time. 

I am still VERY skeptical in how successful "kinect" (I do not like the name) will be.  I can see it selling VERY well to current console owners, but how likely will it be to bring new people in?  (I feel the EXACT same about Move...which is also a bad name).

It also appears they are going to a single SKU system? (perhaps a Kinect bundle too or something?)  I do not know if this is a good idea, going with the exact same Price Point only as Sony is doing currently (tho with a 149 arcade, Im buying one of those asap)

Come November 4th when Kinect Releases, Microsoft will bundle Kinect in the X360 for free.

Also they only announced one new core game. Everything else we already knew. 

I really hope Nintendo and Sony have more announcements than MS. I had really high hopes for this E3.

Casual gaming is the future.

I think the MS conference was good. Although for some reason I get the impression the x360 slim didn't have the same impact as the PS3 Slim.

But they did what they were supposed to:

Open up with some hardcore games, GoW3 etc

Announce Natal  and show off some games

Announce X360 Slim some price drops

i don't think rising is gonna go with kinect....

how are you gonna move lol???

run on the spot??