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pokoko said:
They're really just presentations. The word 'conference' usually implies discussion or a Q&A with the press. Sony and Microsoft do live E3 presentations. Nintendo does a taped presentation and broadcasts it during E3.

Is one better than the other? Well, honestly, I think live presentations have far more potential, both good and bad. A taped presentation might keep you from embarrassing yourself (see: Activision and Jamie Kennedy) but I think it also caps how much excitement and buzz you can generate. I believe that's a real factor, intangible or not. Watch a wrestling program or a sports event with a dead crowd and you won't feel nearly as excited as one with a hot crowd. An audience can add a tremendous amount.

There is also public perception. I do think the public in general will see Nintendo doing a taped presentation as a sign that they have nothing very exciting to show off. I'm sure Nintendo fans will think otherwise but, really, what use is there preaching to the choir?

exactly, it just gets people more excited and hyped to do a live show. and at the end of the day E3 is all about marketing for these publishers, nintendo are just being counter productive with these directs. 

i was gonna use a sports example to in my post above. lol.