I wouldn't call this a bad presser, but as someone who came into looking for confirmation that I should get a Xbox One X, I came out rather disappointed. I mean, it wasn't full of cringe like some earlier years(although bringing out a Porsche got an audible groan from me), but Crackdown looked like hot garbage and the announcement that had me the most hyped was the OXbox backwards compatibility.
Edit: it just occurred to me that I don't think we got a single major new 1st party announcement from Microsoft at the event, and that speaks volumes.