I have learned to expect exactly nothing from E3, and really, when you read all the current rumors and such, they confirm that MS will once again have an underwhelming conference. All these articles about MS increasing the budget for the gaming division, but it's going to take time to see the fruits of their labor, and so on. One doesn't exactly have to be an expert at reading between the lines there.
They're leaking out enough so people can write puff pieces about how there's hope moving forward, while simultaneously making sure we know the goalpost is planted firmly down the street, and it's gonna be a long drive.