This may be a poor written blog post, however I am not a video game journalist, just a video gamer.
I work in a video game store and I spoke with a Microsoft representative today and he essentially confirmed that an Xbox360 redesign (slim) will be revealed at E3.
He also told me that Natal will be priced at $70 USD and there will be a Redesign+Natal bundle for the holidays.
Some more things he said were that Microsoft was planning on spending as much money as they did on promoting and advertising Windows 7, on Halo Reach.
Microsoft and another TV company (he thinks it was Samsung) are working together for some kind of 3D thing.
Windows Mobile phones will have cross compatibility with Xbox360's and Windows PCs. Some phone manufacturers are talking about making their phones capable of accessing media on xbox360s to playing XBL Arcade games to even full Xbox360 games, similar to the remote play feature on the PS3 and PSP.
Well that's about it. I didn't catch the representative's name since I was actually filling in for someone else's shift at a different store, but even if I did, the disclosure is not worth his job. So I will leave you to decide what you believe what Microsoft will do this year.