Why was E3 so much more of a wonder when you were a kid? Have you lost your imagination? Were you blinded by the magic? Actually, unlike Solid Snake's take on war, the business of video games changes, and not for the better.
I'm not sure you were at the same E3 we were. Did you see Watch Dogs, the Unreal Engine 4 demo etc? Amongst that, there were some real gems hidden behind all the trash, you just had to wade a little.
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