E3 is the biggest game show in America. This is a show that companies typically use to reveal their short to midterm plan. Remember, this is the show that just a few years ago really revealed to the western press the direction that Nintendo was going go with the Wii. The fact that Nintendo didn't find it important enough to show anything that hardcore gamers would care about, further reveals the direction they're taking the Wii.
My Top 5:
Shadow of the Colossus, Metal Gear Solid 3, Shenmue, Skies of Arcadia, Chrono Trigger
My 2 nex-gen systems: PS3 
and Wii 
Prediction Aug '08: We see the PSP2 released fall '09. Graphically, it's basically the same as the current system. UMD drive ditched and replaced by 4-8gb on board flash memory. Other upgrades: 2nd analog nub, touchscreen, blutooth, motion sensor. Design: Flip-style or slider. Size: Think Iphone. Cost: $199. Will be profitable on day 1.
