I agree with your whole statement.. and actually E3 is happening now! Check out Microsoft, Sony and Nintendo's press conferences. http://www.gamespot.com/e3/e3live.html They all unveil there new systems and show what they are capable of.
My stomach is upset. You know why? It's because I am really rooting for Microsoft here. I have both a PS2 and XB, and as of this date I have had more fun with my XB than my PS2. It is quite sad how a juggernaut like Microsoft is pushing their machine. Their press conferences have shown nothing out of this world (When I was watching clips of 360 games I fealt like my XB was on). One crucial mistake I believe will shoot 360 in the foot is that they are going to be the 1st console on the market, and very early. They could of EASILY milked the XB because imo it still has alot of life in it still. Now they are going to rushed to produce a console on time that will dissapoint. Hopefully, we will learn more about it today since E3 is three days.