This comes a bit late, I know…but I have wanted to let the dust settle a little before posting anything.
“Doug Lowenstein, the president of the Entertainment Software Association is expected to announce within the next 48 hours that E3, the Electronic Entertainment Expo, the definitive video games show, has been cancelled. Industry sources have told Next-Gen that the reasoning behind this move is primarily one of cost versus return. Publishers aren’t getting the media attention that they expect from the large amounts of cash that they’re putting down to exhibit at the show. “
Read here. (There are lots of updates to this story so dig around for the best effect.