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Returning to Pre-COVID E3 operations was never going to realistically happen. E3 is at its core a trade show (with several failed attempts at being more open to the public), and the purpose of a trade show is ultimately getting people of the same trade in the same physical vicinity to do business. COVID forced everyone to learn how to do business without being near each other, and video game companies had to adapt to several years of not being able to go to E3.It's not the fact that we lost the stage presentation and demos, it the fact that at E3 we were guaranteed the release of new info on upcoming/future projects. If Nintendo stopped doing stage presentations/demos at E3 earlier and sent out press releases to news outlets instead of doing Directs I would be happy. I don't care about the presentation; I just want the info.
Edit: I don't even mind if Nintendo doesn't give us trailers of the new games, I would be content if they just sent out info about the game and a couple of screenshots like the days of Nintendo Power, except it would be closer to when the game would be releasing.
However, not going to E3 had some major perks like avoiding the massive spending for booths and being safe from getting inadvertently doxxed by the ESA. Now that the companies have learned how to function without E3, there had to be a very strong incentive to go back, and I can't think of anything that fits that bill.