Without a new Xbox or PlayStation will E3 be...boring?

22 hrs.

Winda Benedetti

Longtime video game analyst Michael Pachter ? never one to mince words?? has this to say about the world?s biggest video game show?which is about to get under way next week: ?It'll be one of the more boring ones.?

Saying that the Electronic Entertainment Expo might be a snoozer is a bit like saying a trip to Las Vegas might lull one into a pleasant night's slumber. After all, the annual E3 game show, which has been around since 1995, packs the Los Angeles Convention Center with a bedazzling display of video game showmanship. With 200-some exhibitors showing off their gaming wares for ?45,000?retailers, reporters and analysts, it is a visual and aural overload of flashing screens, colored lights, thumping music and outlandishly decked-out booths and booth attendants.

But Pachter, managing director at?Wedbush Securities, has a point. This year?s E3 is shaping up to be less than sizzling ... at least for the moment.

As of right now, much of the exciting news that gamers spent previous months hoping to officially?hear about now appears to be on hold. For starters,?Microsoft and Sony have insisted they will not be revealing anything about their future game consoles at this year's big event.?(Msnbc.com is a joint venture of Microsoft and NBCUniversal.)

Meanwile, as Pachter points out, the video game industry is in an odd place at the moment.

?We are in the unprecedented 6th and 7th year of the cycle,? he says, explaining that the current generation Xbox 360, PlayStation 3 and Wii have grown into rather aged machines.?That means?game sales are declining as developers and publishers ??unwilling to take risks this late in the console life?cycle ??scale back on the number of games they produce and cut back on the number of refreshing new intellectual properties they create.

?The industry isn?t that exciting because it?s all sequels, no new IPs, no new consoles and fewer games,? he says. ?So E3 is, by definition, just not going to be as exciting or interesting as it?s been in the past.?

E3???the thrill, the excitement
In the past, E3 has been the place where game companies have revealed some of the very biggest gaming news. Sony unveiled the PlayStation 3 there in 2005. Microsoft first revealed Kinect (then called Project Natal) at E3 in 2009 and fully unveiled it at E3 in 2010. Nintendo introduced its 3DS at the 2010 E3 and then, at last year's expo, unveiled the Wii U.

While rumor has it that Nintendo may reveal a new model of 3DS next week?and we will certainly get a much more in-depth look at the forthcoming Wii U,?so far it appears there will be no big game machine introductions this year. No Xbox 720. No PlayStation 4.

Meanwhile, rumors of a Valve-created game console/set-top box (aka the Steam Box) were making the rounds a couple months back with many hoping we'd see its unveiling at E3. But Valve insists that's not happening any time soon.

And it seems even some of the titles?we gamers had most hoped to see won't be making the?show.

While Valve will be on hand at E3, those from the company have vowed they will not be showing off "Half-Life 3," "Portal 3" or "Left 4 Dead 3" ? despite high gamer hopes.

The folks who created the famed Halo franchise were as surprised as anyone when their newest four-game "Destiny" project was unceremoniously outed in the press last week. And expectations have been high that Bungie might officially introduce "Destiny" at E3. But Bungie officials have now said on their blog that, and I quote: "we?re not going to be at E3 in any official capacity this year. Some of us will be there, lurking from booth to booth, but don?t expect any announcements."

E3 boring? Say it ain't so
But Mike Gallagher, CEO of the Entertainment Software Association (the industry?organization responsible?E3) ? sees things a little bit differently, to say the least.

While some see a games industry in a lull, "I see is an industry in transition," he says. "What I see is an industry that is evolving. It is evolving on multiple platforms constantly. Right now you have the ability to have a game experience on your smartphone, on your handheld, on your tablet and you?ve got the?ability to play on the consoles."

And he says E3 is evolving with the industry. He points out that this year there will be some important new faces on the show floor.?Zynga ? the Facebook gaming superpower ? and Gree ? the social and mobile gaming king in Japan ? both?will be at E3 for the first time.

But Gallagher?concedes that with it looking as if there will be no big hardware revelations at E3, "This year the emphasis will absolutely be more strongly focused on the games and the software."

And that's not necessarily a bad thing.

Game companies have already started to unveil some of the new games they'll be showing off next week ... and some of it is pretty exciting stuff. We'll get our first look at the new mature-themed Star Wars game "1313," as well as the super-dark, super-hero fighter "Injustice." And while new IPs are few and far between, the dystopian steam-punk adventure?"Dishonored" looks well worth getting excited about, as is the new game from "Heavy Rain" creator Quantic Dream (assuming it actually materializes).

Meanwhile, of course, developers and publishers will be showing off new installments in some very big franchises: ?"Halo 4," "Gears of War: Judgment,"?"Call of Duty: Black Ops II," "God of War: Ascension," "Pikmin 3" and the new "Tomb Raider"?just to name a few.

Beyond the games themselves, if the rumor mill is to be believed, there are some interesting things afoot?that may just give the show a bit of zing -- a 3DS redesign, a landscape-changing?push by Sony into cloud gaming, and?a new music service for the Xbox are a few of the?possibilities?next week.

No matter what this year brings, our own In-Game editor Todd Kenreck believes E3 is still one of the coolest events out there. Check out his video above to understand why.

And it's important to remember that the seeming lack of excitement could be deceiving ? especially since game developers and publishers like to keep their biggest, most interesting news a secret before the show has begun and have been known to spring completely unexpected gaming software and hardware revelations on the thousands of attendees gathered at the convention.

Ultimately, Gallagher says?you can't truly judge an?E3 before it's begun.

"Each E3 has its own unique feel and its own unique power," he says. "And it really can only be measured after the show --?after it?s all over with and?after all the titles are shown."

And despite his prediction of a mellower E3 this time around, even Pachter points out, "It?s still a lot of fun."

Follow us to E3
In-Game will have a team on the ground at?E3?in Los Angeles. Stay tuned here to In-Game to catch our breaking game coverage. But?for all the fast and furious news?also be sure to check out our In-Game Facebook page as well as our Twitter feeds: @ToddKenreck and @WindaBenedetti.

In-Game editor Todd Kenreck will also bring you ongoing snapshots from the E3 floor via his @ToddKenreck Instagram account. And don't miss the E3 experiences from video producer Matt Rivera who will be posting via his Twitter and Instagram accounts here: @MattRivera.

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