E3 scales back for 2007

Rocky Mountain News: : "The New E3"

E3 will no longer be the 60,000 + in attendance at a convention center. It will now be invitation only (around 5,000) and is likely to be held in a hotel.

Additional Articles:
NextGen: 10 Reasons for E3's Collapse
GamesIndustry: Lowenstein reveals name, date and venue change for E3