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A digital feed that is lag free and high quality is key #1. Having Reggie lead the video would be better than Iwata, and including a small live audience would help greatly. But most important is games, and having good reveals for said games. SM3DW had an awful reveal. Bad name, bad trailer, bad music. If it had a better name, used the second trailer and used actual game music it would have been far more impressive. Just as Mario Kart was. This year Nintendo needs to show a really good Zelda and at least two other very cool reveals, along with a final name and date for X. If they do that - and the feed and presentation is good - everyone will be pleased with the digital format.