Live blogging of Microsoft's E3 Press Conference [Finished]

Today Microsoft will hold its press conference for the E3 Gamers's tradeshow in L.A. and we're covering it live. Neowin reporters David Corris (Corris) and Andrew Gallacher (DrunknMunky) will join me in blogging the event live as Microsoft announces what they will show off at the E3 tradeshow. The conference was moved up a day due to a unexpected major announcement the software giant is expected to make.

Today's press conference will start at 10:25 A.M. PT, and you can follow the announcements live below. Chat is enabled until the conference begins, and after the conference begins we will disable comments until the event is over. During the conference we will answer as many questions as possible.

Update: The E3 conference is now over, you can catch the reply below. Further overviews and commentary on exactly what was unveiled will follow shortly.

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> The conference was moved up a day due to a unexpected major announcement the software giant is expected to make.

WTF? Which is it? Is this announcement expected or not?

When Microsoft does something well...I applaud it. And today kudos are in order...they did an excellent job. I'm thrilled about the 1080p downloads and PC-less NetFlix queuing, fascinated with Project Natal - IWANT and came away surprised about the full-game download capability....and I haven't even mentioned any games yet. One thing is for sure, they're going to have to bump up the harddrive capacity in future XBox bundles.