Bill put in a surprisingly good performance, lifted by an amusing video about him leaving which led to a meme for the entire keynote about new things to do with his time, to announce absolutely nothing.
Microsoft demoed new and upcoming technologies, but did not announce any new products. The only announcement made was that BT are to launch an IPTV-enabled Xbox 360 soon.
The rumours were wrong. Bill didn't care about going out with a bang.