There's no hype because they don't have anything to show that deserves hype.
It's all the same: AI to improve photos, AI to improve translations and small iterative improvements to Android that you swear were shown at a Google IO event years ago
Edit: watching the livestream and they've just announced an Android tablet! Honestly this déjà vu is getting ridiculous
Not to mention Google Wallet, an "amazing new" product by the same name of an existing product they keep renaming and haven't finished retiring yet. They could just say they were updating Google Wallet or whatever it's called now, but I guess you don't get promoted for that.
I laughed when the Pixel guy (before announcing the tablet) said they don't usually announce products so far in advance. Has he seen Google I/O?
The tablet announcement is funny too. Another generation of people who haven't been through multiple cycles of this by now are gonna be run through the process of believing Google when they say they're focusing on tablets for real this time, until they launch their tablet and get bored of it a year later and then you wait a few more years before Google makes a totally real commitment to tablets.
Edit: watching the livestream and they've just announced an Android tablet! Honestly this déjà vu is getting ridiculous