Overall I think it average. They barely had any announcements that we didn't know already. They showed some new footage of Resident Evil 5 which looked pretty good some new campaign footage of Halo 3 also looked pretty good but nothing outrageous. They announced 2 Windows live games Gears of War and Viva Pinata.
They showed alot of footage of games that are coming out this year like Mass Effect, Assasin's Creed, Call of Duty 4 and Rock Band. All these games looked amazing but we've seen footage of these games already. What I was hoping to see was a video of Ninja Gaiden 2. Soul Caliber 4 or an announcement that Sega was going to put Am2 games on Xbox Live Arcade. How hot would that have been. Instead we get Golden Axe and Sonic
They spent a lot of time quoting statistics about how much third party support is making more money than anybody else. Who cares. Reminds me of when Sony used to waste there time telling everybody that they were in first with the PS2.. yadda yadda yadda Unfortunately this leaves the door wide open for PS3 and Wii to come out swinging and become the big buzz at E3.