Microsoft have now rapped up their Games Developer Conference presentation, and here are the key announcements which have been made.   

• Gears of War 2 announced for November 2008. Trailer available on Xbox LIVE Marketplace now.
• Peter Molyneux confirms co-op for Fable 2 (although we already knew that) and shows off Fable 2 XBLA games which will let you earn money for your in game character
• Tomonobu Itagaki shows off Ninja Gaiden 2, dates it for June and announces Ninja Cinema, which will let you record movies of your carnage and share them on Xbox LIVE.
• Several new XBLA games are announced, including Castle Crashers, Defense Grid: The Awakening and Penny Arcade Adventures: On the Rain-Slick Precipice of Darkness 
• XNA-created games coming to XBLA and Zune (including some free games tonight, see Game Creators story previously published)

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