If Microsoft announces all that has been rumored thus far, I'm fairly sure they'll have the best and most impressive show of the 3. This is mostly due to Micrsoft getting yet another major PS3 title after Sony and Kojima (with a horde of fanboys alike) spending years claiming it would never come to the 360. Last year they nabbed Final Fantasy XIII and I think this year they are looking to do the same as well.
Sony could make a splash but I can't think of much in their corner that would really catch anyone off guard the way Microsoft has and could possibly do again this year. They have a number of good games to show off but its nothing that is really new, I'm sure we'll see a PSP redesign that will attempt to rival the DSi and probably some spinning about how their sales figures are a positive. Overall though, I just don't see Sony dropping a bomb on us.
Nintendo could go either way, they still haven't had to drop the price of the Wii and their software is still selling like mad (just look at April's NPD numbers). However last year was supposed to be the end of Miyamoto's conquest of the casual gamer after Wii Music was launched and they could catch us all off guard by giving us a look at the new Mario game which is rumored to be open world, the new true Wii Zelda, Pikmin 3, another Metroid, or even Star Fox plus they also have a number of third party games coming up that will be very impressive I think.
So as it stands right now to me I'm rating them in the following order of who's show will impress me most and who will fail to deliver.
1.) Microsoft
2.) Nintendo
3.) Sony
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