Well NGamer doesn't always have the most accurate stories. Also bigger then the last two E3's clumped together that could easily be the case. Now none of us expect Nintendo to unviel the next Zelda till E3 but if Nintendo was to play up this summit and use it like Microsoft used X10 then we could easily see it surpass the last two E3's.
A new handheld is possible. Why? well its been six years since the DS launched and the DS is still performing well however we know the next handheld is well underway and Sony is also preparing the next PSP. So Nintendo might want to reveal the new handheld prior to GDC. Why prior? so that developers are ready to start work on titles for the new platform by the time dev kits could be shipped (GDC). A new handheld alone would make the press event bigger then the last two E3's.
Software wise there are plenty of lower echalon titles Nintendo could unviel yet still save some for E3. Titles like Pikmin3 and Kirby could easily be unvieled since both titles have already been announced years ago. Kirby is actually slated for release during the 2010 fiscal year yet we haven't seen the thing. These titles alone wouldn't be able to make it better then the two E3's combined however when you throw in footage of Metroid:TheOtherM and MarioGalaxy2 with release dates for both you now beat the last two E3's combined.
Nintendo wouldn't have a difficult time beating both E3's also notice they say almost. They don't say it will be better then both combined!
-JC7
"In God We Trust - In Games We Play " - Joel Reimer