Finally. It got too big for its own good. The games industry has gotten too evil and commercialized anyways.
It's all about the money. The whole deal was that smaller start-up companies (maybe 5-10 employees) would have to blow half of their year's budget to get a 3' x 3' space in the very back corner of their hall, where they were supposed to display the game they have been working on for 3 years.
Meanwhile juggernauts like EA get a giant piece of land smack in the center of the exhibition hall, turn it into some circus with scantily-clad women who know absolutely nothing about the product, and showcase their 20th installment of the Madden series, *Now with accurate 3D-modeled teeth on all players, based on their dental records!!!*.
So, yeah. Good riddance.