UPDATED: IWATA HAD MORE TO SAY ON THE SUBJECT. SEE THE QUOTE AFTER THE JUMP.
The best way to react to this situation is to use this.
You read that title correctly. For the first time in this millennium, Nintendo will not be holding a press conference at the Electronic Entertainment Expo, according to a translated statement from Satoru Iwata. This is quite the unexpected news from Nintendo. Here's what the translation says.
"Unlike previous years, we will not have a large-scale [E3] presentation directed to everyone in the world. Instead, we are planning several smaller events focusing on software for America. Among these hands-on events will be one for American distributors and another for western media.”
This news shouldn't be interpreted as "Nintendo will not be at E3." It is highly likely the company will still show off software on the show floor throughout the conference. A prerecorded, or even live, Nintendo Direct may even be in the works. However, there is no way around stating how Iwata has confirmed there is no major press conference from them this year.
I hope Nintendo can bring the hype needed for both of its consoles without a conference this year.
Just... Holy (excuse my language) shit. My body wasn't ready for this at all. Neither was my heart.