E3 2001 XBOX v. E3 2005 XBOX360

I searched and found a site which still had all there news regarding E3
2001 on there servers..

Here is the news after the microsoft press conference  in 2001

The Xbox will be released November 8th for $299. 600K to 800K consoles
will be available for launch too, which will hopefully eradicate
shortages.
Microsoft is also stating that about 15 "high quality" games will be
available at launch.
With about 4-5 games available to actually play hands on...

Fast forward to E3 2005
No launch date, there is no pricing, no number of games available for
launch, no games available for hands on play., no number of consoles
available for launch.  Not even Madden...
Needlees to say Microsoft did a better job in 2001 and xbox360 at E3 05 is a no show..

Tanis's Take

I think maybe Microsoft saw what the cell processor could do, and how
much more powerful PS3 is going to be, and they panicked.  Not enough
time to go back to the drawing board and create a new system, too much
time and money was wasted on 360 already.  What to do?  Release the damn
thing well before the competition.  People will want it because it looks
a whole lot better than the current gen, but once PS3 comes out it won't
be able to hold a candle to it.  Lets cut our losses, sell some systems
in the short window we have before PS3 and  hope we survive longer than
the Dreamcast did when Sega released a system that couldn't compete with
the real "next gen" technology.