I'm actually cautiously optimistic we'll see some new core IP's from them. I'm not jumping on the next Xbox if the core support literally fades beyond the expected sequels to established franchises year after year and Kinect and motion controls in general don't particularly interest me.

Come on MS, hit us with something new and fresh!

Pretty much this, though that's not a bad thing at all.  Everyone crapped on M$'s E3 press conference last year and wondered what the hell they were doing, but by the end of the year they were #1 in sales in NA by a large margin, so obviously this formula works for them.

And for the last time, there will be no 720/PS4 announcements at this E3!

I hope they step up their game this time round.

*Kids Playing Kinect on Stage*
"Fist Buuump!"

And then some actual interesting things with the Kinect like updates and such. (Better Motion Tracking, bla, bla, bla.)

That was you wasn't it?! That little annoying boy with the -.-fist bump-.- section, wasn't it?!?!

Last year, it was Gears 3 and a bunch of Kinect games. This year, it'll probably be Halo 4 and a bunch of Kinect games.

That is what everyone expected this thread to be.

I like how a lot of people try to downplay Halo 4, Forza and Fable. This is like Apple has only new versions of the iPhone, iPad and iPod to show.

Predictions:

• Resident Evil 6 exclusive stuff
• Halo 4
• Forza Horizon
• Fable Journey
• Twisted Pixel new game (hope for a retail-release. They deserve it!)
• Ryse
• Kinect Joyride Next for XBLA
• Skype integration
• New entertainment partners
• price cut
• Maybe some new games by one of the newly formed studios

Alright, I know I'm going to be hated on, but I just don't think they can do much, if anything. E3 this year is essentially guaranteed to Nintendo, they have too much to offer, too many first-party games and too many surprises coming up. If Microsoft tries to offer any more multimedia ideas, then they'll most likely say at the very end: "Oh, but there's a charge fee, $2.99 per use." Or something like that. Microsoft makes some ridiculous charges after all.
But guys, let's be honest the only thing Microsoft can get fans excited about, is Halo 4, they've said there will be no talk of their next console, and maybe they'll stir a few crowds with a Xbox 360 price drop, or Kinect drop, whichever they choose. Who knows though, I could be wrong.

Open with CoD BO2.
Halo 4
Halo Wars 2
Fable
Forza Horizon
Kinect games
New Kinect Updates/features
+Multimedia
Price-cut

If new hardware is shown or teased

Ryse
Next Halo game (perhaps Halo 2 remake)
and finally a tease for the next Gears game.