It's a shame cause E3 has always been a fun tradition and was basically gaming heaven for those few days each year to be able to watch every conference back to back, but an inevitability as it has been losing its relevance year over year and this will just speed it up, I wouldn't even be surprised if it kills it outright. Nintendo already just does their own digital presentations for ages now, Sony does their State of Play and Playstation Experience, Microsoft brought back their own shows like X0 alongside Inside Xbox, etc. At some point you have to think: what do you gain by going to E3 that you can't already do and do better through your own planned presentation which is also probably cheaper as well.
The only thing that will be missed really are the crowd reactions when some insane shit drops but we can still get those from people who watch things live anyway.
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