No E3 Conference for Nintendo this year - Mistake or not?

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http://www.cnet.com/news/nintendo-bails-on-e3-press-conference-yet-again-2014/
And this is just the beggining.

 

Stepping out of what's become nothing more than an over-the-top spectacle for bragging rights is likely the smarter move for Nintendo, especially since there seems to be less of a need to directly compete with Microsoft and Sony.