Considering they scraped all the ideas they had for Versus before they probably wouldn't have much to show anyway. Last I heard they were scrambling to get ANYTHING together to show though.
Funnily enough, it's quickly becoming the Duke Nukem Forever of this generation, being shown at the very beginning of the generation and being continuously pushed forward year after year with no results. And hilariously enough, people are calling it "the better Final Fantasy" after XIII failed to impress them, without actually seeing even a tiny bit of gameplay from the game, and just with the detail that the game will be more action-oriented and made by the KH Nomura team. I'm holding judgement until I see some proper gameplay, which I seriously hope it'll be this E3. Maybe they've quickly scrounged up something? Juuuust maybe?
Also, like a mad old man who is the only member of a forgotten and useless cult, I'll be sitting here, waiting for the Great Pumpkin again this year. Whoops, I mean any Shenmue-related news.