Its strange but my hype for the next Xbox is nil to low. All of the positive talk about how great Sony's next machine will be, has definitely had an impact. Also 1 hour is too short for this kind of of thing. So by the time the machine itself is finished being spoken about, there will be little time for game reveals.
Yeah this is how it is for me. I am assuming they will focus on their 'innovative' technology though, and save games for E3, since it's only going to be like three weeks after this event anyways, they don't really need to show much. It's most likely just about everything Sony showed save for its internal studios is multiplat, so maybe they will just show some different footage from some games or something.