it happens every year around about June or July
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E3 is the Electronics Entertainment Expo. It's for gaming what comic-con is for comic books (and movies). Most gaming hardware and software developers show off their new gear at E3. The next generation Xbox, known as Xbox One, was the key point of Microsoft's address at E3 this year.
xbox e3
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Possibly a reveal at E3 2012 and release in 2013
"xbox e3?" If you mean the Xbox 360; then yes, all Xbox 360 models are compatable with Kinect, if you mean the Xbox One, then im not sure, it might, but it looks like it has its own, more advanced, version of Kinect.