I'm going to guess that the PS4 will have a few big announcements. Right now, I'm thinking The Last Guardian and a new Final Fantasy will be their big "surprise" announcements.
For Microsoft, I'm thinking Halo 5 will be teased. It's been less than a year since 4 released, so I'd honestly be surprised if they had too much to show as far as that is concerned. I also think they are going to announce a big title as an exclusive. I'm thinking they might have a Fallout 4 exclusivity deal in place, which is going to kill me if true.

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