Well, it means that a new gaming expo is replacing E3. The best part, however, is that it is not related to the old organizers of E3. This means the event, E 4 All, is now open to the public and is taking place in October in the same building that E3 happened in.
Hopefully this expo will be just as crazy as E3.The lack of a press only atmosphere could mean that the more exciting info would be left to the other private E3 event still under wraps.