This presentation was really geared towards the western audience. I think they did well overall; however, they started off too strong and dragged out the presentation for too long though.
Nevertheless, the real game changer will come at E3. On a side note, it seems that Sony is leaving Japan out of the picture and giving Nintendo a free win, but maybe its too early to say.
I hope SE doesn't troll us at E3 with only a trailer and a ''coming soon'' banner. I'm buying a PS4 regardless.