@themasterds: Well according to Gametrailers the event will only be an hour long as opposed to Sony's two hour info dump. It sounds like Microsoft will plan on flushing out the hardware with some games there at the reveal and then bring the house at their E3 conference just a few weeks later.
Sony had to bring a lot because it was so early in the year and E3 still isn't for another 6 weeks or so. Microsoft is looking to carry a lot of hype off this reveal straight into E3.
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