The Fate of E3?

Many people are discussing the possibility that E3 will be cancelled from now on or that it will radically shrink. It is almost definate right now that E3 will be much smaller and that it will be held at a place smaller than the Los Angeles Convention Center. Developers have to shell out he big bucks when E3 rolls around every May, and they are tired of spending millions on developing E3 demos and booths. They figure that they will be overshadowed by the Big 3(Nintendo, Microsoft, and Sony) and that not many people will be interested in what they have to show.

Not too much of what is being said is confirmed, and now sites are reporting that E3 will definately see a drop in size, but it will still one of the biggest events of the year, and instead of taking place in May, it will be held in July.

*Update*

The ESA has now confirmed that E3 will be a more intimate event and will focus on press events and small meetings. ESA president Doug Lowenstein has now confirmed that the event has been moved to July, renamed, and severely reduced in size. Lowenstein expects around 5,000 people to be in attendance next year. That is a major reduction from this years 60,000 attendees.

More information will be posted as it is confirmed. For now, check out these links:

The latest from IGN.

Gamespot

Gamespot Update