But there's no downsizing at the actual event. It's still in the same big conference center as usual with the same amount of real estate and all the companies will be doing the same thing as usual. To us members of the general public the presentations look like this big important thing, but they're really the least important element of E3. The most important part of the conference is the press getting to try the new games and reporting on that, and that's not changing. The event is still huge and Nintendo not having a separate super-expensive presentation isn't changing that at all.
Nintendo's still doing presentations, Sony's still doing presentations, Microsoft is still doing presentations, EA and Ubisoft are still wasting peoples' time, the press will still be playing the new games and consoles, we're still getting all the news... Nothing is changing at all for us.
Frankly I wonder why it took a company so long to realize that they could find ways to present their news without wasting millions of dollars on presentations that really don't give out anymore news than the Nintendo. The industry right now is in a state where companies should be trying to waste less money, and these presentations are just that, a waste of money. It's not "downsizing because it's bloated", it's just a company being smart about it and not wasting money they don't need to waste.
