Still it isn't exactly new, and two full years of not having any new big budget titles at the show at E3 should also put things into perspective. 

When they reveal NX, it won't be at E3. When they reveal NX's launch lineup, it won't be at E3. I understand the reasoning behind it, but they are still skipping the event for their biggest reveals in three years (being no new big thing will have been at E3 in 2015, 2016, or speculatively speaking 2017. The big reveal will be outside of E3).

Hell, even Paper Mario Colour Splash was not announced at E3, which was their very last game for Wii U that was left unannounced (Zelda will more than likely be the ACTUAL last game but was announced two years prior).

Its not about perspective, it's about current situation, and Nintendo last couple 2 years didn't had any big budget title to show expect Zelda, all big budget titles are for NX now.

Like I wrote they didnt had what to show at E3 last year, this year they focused on Zelda from specific reasons, I sure they will go big at E3 2017. with lotsa playable NXT titles.

Paper Mario Splash is not important at all. Zelda was announced in January 2013. not at E3 2014.

Colour Splash is more than nothing, lol.