I would also put stock in the "No Zelda" theory, too. Not as a way that Nintendo is at fault, but because gamers go into E3 with certain expectations from each company. They like to be surprised, but they like to get what they went in wanting to get, too. Sony and Microsoft delivered that: games that we knew about, but had few details on, like ODST, Uncharted 2, MAG, SC: Conviction, GT5, Forza 3, GTPSP, etc, etc. People got what they wanted out of this E3 from Sony and Microsoft
People went into this E3 expecting New Zelda and Pikmin 3, and got neither. The facts of the other games don't really matter. They might be nice, but they're not what they wanted.
Now, last year's conference was much worse, but in that conference again, expectations were denied. The rumors flew for Kid Icarus Wii, and they were denied, and so rage ensued.
That's what it is. In their E3 of surprises, Nintendo defied expectations, and so got smacked down.
Monster Hunter: pissing me off since 2010.
