Nintendo should host their own event, with a Super Smash Bros tournament (melee and 4), to announce the NX and showcase their upcoming titles. A good example is Blizzcon.
I am a surprised that people did not see this coming and even more so that some are upset about this recent news. E3 has been one long running joke for the last decade and Nintendo can honestly do better.
Not only has E3 been a joke for a decade, but by nature is gross as fuck spectacle that is one big commercial for AAA gruel and slop for people who sustain on the hot steaming garbage that has become the status quo for this industry. (the exception here is Dark Souls)
The sooner more companies do their conferences elsewhere and at a other times, the more ESA decides to reform E3 or kill it off for good.
For an event that shapes the landscape of games for the year and influences educated and empowered consumers, making it a journalist only event strikes me as though they don't trust the consumer to see for themselves what's the hub bub about.
This strikes me as elitist and stupid.
As gross as Gabe and Tycho have been in the last half decade or so, the PAX conventions satisfy my wishes* in terms of news and videos as an informed Internet consumer.
*there are more important issues in the main PAX conventions that need to be addressed by the convention planners that are never addressed by them*