Now that i think about it, I am kind of really disappointed that Nintendo is not having an actual E3 conference

[Asriel]

Not really. Reading up online some journalists (reputable ones, like Gamesindustry.biz) have suggested that the cost of an E3 mega conference goes up to around the $5 million to $10 million mark--and it never satisfies everyone.

I just don't see the importance of a one hour hype bubble, especially not when Nintendo need to throw so much money at it. And like it or not, Nintendo's message--conference or no conference--will get pushed to one side in the immediate aftermath of Microsoft and Sony talking about new consoles in great depth. That's only natural.

I also agree with Iwata that trying to appease shareholders, analysts, journalists fans and general consumers in the course of one E3 press conference is a fool's errand. Wii U won't be turned around by a sixty minute on stage press conference, and the information about the games can be broadcast across the internet just as easily through the Direct. Less money can be spent on the Direct but the immediate effect will be the same--every gaming site and blog will cover Nintendo's announcements, just as they have with other Direct announcements. Trailers, titles, screenshots and play-tests will be swimming across the net over the next week.

And the advantage of the Direct? Nintendo can follow it up on Wednesday with another broadcast, or through the week with smaller, focused broadcasts, or next week with a 3DS broadcast. That way people will continually talk about Nintendo and what they are doing, even as all the information coming from traditional press conferences gets dissected immediately and then lost in the perpetual buzz of E3. Nintendo were talked about far more last year because they got the ball rolling with the Miiverse Direct before their Wii U conference, and then held a 3DS conference. They kept releasing information which kept people talking. They need to advance and improve on that strategy.

Nintendo can target the broader market closer to the release of their products with television campaigns and more focused methods, rather than assuming or hoping for some kind of spill-through from E3. If you consider the saturated coverage dedicated gaming media gives E3, Nintendo won't lose out on that front, and any loss on the mass-market front is easily made up for later in the year. For every hundred E3 articles a gaming site runs, a mainstream site may run one to ten. Nintendo have plenty of time to make up for any loss of exposure in the months ahead, and can do so in ways that will directly hit the mainstream consumers.

So no. I'm not disappointed. The information I want will still be relayed directly to me, and it will probably be better communicated and better managed than it would live on stage.

EDIT: I'd also point out Nintendo's products will still be on the show floor, which is hugely important. Nintendo are still at E3 in a big way.