"Unlike previous years, we will not have a large-scale [E3] presentation directed to everyone in the world. Instead, we are planning several smaller events focusing on software for America. Among these hands-on events will be one for American distributors and another for western media."
I thought this is what many people wanted? For Nintendo to stop looking inward at the Japanese market and work more closely with its counterparts in North America.
Also, I don't see what the big deal is about holding a smaller, more intimate press conference. It's not like that fact will stop the news from getting out, or somehow prevent the games from arriving in stores.