Say it ain't so! Say it ain't so! Word is coming down the pipeline that E3, as everyone now knows it, could be no more. Forget the early looks at games, forget the lights, the loud noise, the goodie bags...it all might be gone. I hope I didn't just attend my first and last E3.

From the article:

As Next-Gen exclusively reported Sunday, all major exhibitors have effectively pulled their support from the show, prompting the majority of game publishers to also cancel plans for high-cost booths. The ESA will make an announcement later today that will attempt to add some gloss to this catastrophe, with some form of media-focused boutique event - branded E3 - taking its place.

Some gullible journalists, evidently blinded by a desire to do-down a rival scoop, have taken this as evidence that E3 is alive and well and merely being 'downsized'. But this euphemism doesn't change the facts. The decision by big manufacturers and publishers to walk away has left ESA in damage-control mode. As we reported yesterday, E3, in its present form, is dead.

Read the full article over at Next-Gen.biz