Microsoft just conducted their Tokyo Game Show presentation, and Kotaku was able to live-blog the event. Some of the key announcements include:

• Core System, Hard Drive, Live Vision Camera, and Wireless Headset availability on November 2nd
• HD DVD drive to be available on November 22nd, for 20,790 Yen (~$176)
• HD DVD drive will support full 1080P.
• Xbox Live Arcade Titles: Yie Ar Kung Fu to be Japan exclusive. Gyruss, Rush’n Attack, New Rally-X also announced for Live Arcade.
• Dead or Alive Xtreme 2 will ship November 15 in the US and November 22 in Japan
• Peter Moore promises 50 exclusive titles for Japanese market
• Tri-Ace’s upcoming Infinite Undiscovery gameplay was not shown

Kotaku has a bunch more detail from the conference. It certainly looks like Microsoft is still actively trying to penetrate the Japanese market, but even with all the hardware and software announcements, they still do not have a really compelling offering for the Japanese gamer.