GameSpot have some more on the E3 rumours that were flying around wildly yesterday like so many catapulted kittens. "Industry insiders" are now saying that the event may be moved to July. This follows reports that the show could be cancelled or downsized, although an official release from the organisers helps to clarify what is happening:

"To better address the needs of today’s global computer and video game industry, the 2007 Electronic Entertainment Expo (E3Expo) is evolving into a more intimate event focused on targeted, personalized meetings and activities, the Entertainment Software Association (ESA) announced today.

After being at the madhouse that was this years' E3 I personally think that this sounds like a great change.