From Slashdot: "This year's E3 is over, and there's already talk that this could be the last one. Even before the conference started, a slew of studios announced they wouldn't be taking part, citing high costs and other 'business reasons.' At the conference itself, 'there were no huge game announcements, and Microsoft didn't even bother having Bungie show up to talk about the next Halo release, claiming that the company wanted to "shorten the presentation."
Crave also noted there are no solid plans for next year's show. On the other hand, people have predicted E3's demise in previous years, and they turned out to be wrong."