You may have read our best guesses about what we expect to see and hear at today's Game Developers Conference keynote from Microsoft VP John Schappert. If not, it's a good read. But it's also a pretty safe one. So why not throw out some wild and potentially wildly embarrassing predictions about what might show up on a PowerPoint slide today? Given that GDC is less about busting out new hardware and more about getting giddy on news of SDKs and optimization libraries, this is a list of long shots.

New Xbox 360 SKU Revealed Yes, the Xbox 360 is in short supply, leading internet prognosticators to conclude that yet another Xbox 360 hardware version is being readied, but we don't buy it. Still, Microsoft could show up with something more developer friendly, say, with a standard hard drive. Just don't count on it.

Microsoft Adopts Blu-ray HD-DVD is dead, long live Blu-ray! Now that the hi-def format war has been officially called, will Microsoft move on, giving Xbox 360 owners an add-on that finally plays Pirates of the Caribbean in 1080p.

Resident Evil 5 Is Exclusive To Xbox 360 Capcom's zombie killer would be a good get, but the publisher-developer says it's not happening. Don't worry, PlayStation 3 owners, we'll still get to enjoy RE5's mandatory 5GB install.

Gears of War 2 Is Episodic Downloadable Content Hey, wouldn't it be neat if Gears of War 2 was offered as DLC? Errr. Yeah. It might make for a slew of Xbox Live Gold sign ups, but would piss off just about everyone who doesn't have a hard drive.

Zune Gets Gaming Functions, Live Anywhere Microsoft's Shane Kim said "never say never" about a Zune gaming, but we expect that everything from Sync to Zune to Surface will be able to play Bioshock's hacking pipe game at some point.

Netflix Comes To Xbox 360 Oh, it would totally cock up the existence of Xbox Live Video Marketplace, so we're not sure how Microsoft would benefit from such a thing, but you never know. Wait, I think we actually know. Not happening (at least not today).

Rare's The Fast and the Furriest Shown We don't expect Rare to show off Banjo Kazooie until maybe E3, but this title, which is rumored to feature Xbox Live Vision cam controls might be a neat show-off for developers.

Microsoft Buys Epic Games For $3 Billion Gamepro sounds certain that Epic would be a smart acquisition at $1 billion, but Mark Rein puts a higher price tag on the Gears of War and Unreal dev. We'll one up you, Mark, and make it a cool three billion.

The keynote kicks off at 10:30 PST, in just about an hour. Stay tuned and make your own harebrained predictions in the comments.