This is no doubt going to upset many of you avid gamers out there, especially the ones who religously attend this massive yearly trade show. Rumour has surfaced today regarding E3's future (or should I say, lack of), website "Next-Gen.Biz" have sourced this rather sour news, in a matter of words saying that the show's heavy expenses far outweigh the benefits from a business perspective.

More info and links to other sources on the subject can also be found at The Tech Report.

As Next-Gen exclusively reported Sunday, all major exhibitors have effectively pulled their support from the show, prompting the majority of game publishers to also cancel plans for high-cost booths. The ESA will make an announcement later today that will attempt to add some gloss to this catastrophe, with some form of media-focused boutique event - branded E3 - taking its place