[url=http://www.computerandvideogames.com/401028/blog/dealt-with-it-why-microsoft-will-surely-now-shun-an-always-online-future/]Sauce[/url] - Article Link
On the subject of Xbox for the next generation, the article also touches on how Microsoft "is too smart" to restrict their console to "always online". I imagine that this theory will be busted at this conference but we don't actually have official confirmation of the "Xbox 720" being announced (but it more than likely will be).
Also from the article
[quote]This week we'll also be providing a first look at two new games - which I believe we're not allowed to mention just now. You'll find out soon enough.[/quote] - It's most likely that these games are unrelated to next generation talk for [i]this[/i] week.
May 21st is the big date to look forward too. Also, Bungie was at Sony's conference back in February for the PS4 (unannounced). If the 720 is announced, I wonder if Bungie has plans to be there for Destiny as well. Only time will tell.
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I come from the future - E3 sucked for Microsoft