But we do? The damn devkit is out the wild and we don't hear anything about Scarlett from any dev. Jim Ryan drops hints every other week on top of the wired article. We know about the controller, Bluepoint game, patents etc. etc. MS is sleeping.
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I understand people are impatient, but last I heard (not long ago), that team/studio was only 60 people, and they aim for 200. The interviewee went on about how taking your time with hirings is worth it in the long run.
In short, I don't think there is a whole lot to show. Sure, they could prpbably pit together a teaser, but the game has a long way to go, I think.