We have only been informed that the video will be two minutes long and that no contents will be revealed. Speculation is dictating that the video will be in real-time, in order to take the mickey out of the CG videos shown at the Sony conference last year. Microsoft only gave their usual reply, "We don't comment on speculation and rumors".
Despite the comments that Bill made once upon a time, that Halo 3 will launch with the PS3, it has since been reiterated by Microsoft that it will be released when it is ready. Given that Bungie like to take their sweet time, don't be surprised if we're talking about it before next year's E3. Hopefully, more will be revealed in the very near future.

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