The big game that was missing at Microsoft's E3 press conference was off course Banjo Kazooie from Rare. Rumors surfaced before the E3 had started that Microsoft was going to show the game for the first time but after the press conference finished, we heard nothing new and saw nothing new from Banjo Kazooie.
Logical explanation for not showing the game would be that the game has been delayed. Peter Moore today confirmed this in an interview with Eurogamer. Banjo Kazooie will join Too Human, Fable 2, Alan Wake and Halo Wars as Microsoft's first-party line-up for 2008. Maybe Microsoft will finally show the game at X07 late september?