My guess is a video trailer will come out in March or April and some form of Playable section will be present at E3. I am Pretty sure that was the way they planned the Oblivion release (they let people play the character creation and the 1st dungion at E3). We know the game is very playable now and what bigger way to hype the game 5 months before release and guarantee the Game of the Year than with a playable E3 demo. Plus they will undoubtably win Best of E3 which looks great on boxes when the game is released.
I have little doubt that they will go far beyond just a trailer for E3
I have little doubt that they will go far beyond just a trailer for E3
Oblivion wasn't playable at e3. Bethesda demoed the game themselves and then released that five part video series.