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This year's E3 may have changed format, but the formats' governors are still in town, and they're lining up to try and dazzle you with their traditional pre-E3 showcases.

Published as part of our sister-site GamesIndustry.biz' widely-read weekly newsletter, the GamesIndustry.biz Editorial is a weekly dissection of one of the issues weighing on the minds of the people at the top of the games business. It appears on Eurogamer a day after it goes out to GI.biz newsletter subscribers.

E3 is dead. "It is no longer necessary or efficient to have a single industry 'mega-show'," Doug Lowenstein, then-president of the Entertainment Software Association, said last August as the organisation confirmed that it would be axing the much loved (and hated) Electronic Entertainment Expo, and reinventing it as a "more intimate" affair. Cut from the flabby folds of the Los Angeles Convention Center and deposited in an aircraft hangar on the Santa Monica coastline (an aircraft hangar with a spectacular website), the new-look "E3 Media & Business Summit" has already been dubbed "Min-E3" by bloggers. Booths would be smaller, we were told, and everything would be invitation-only.

The first in-game image for Sony's PS3 blockbuster Killzone 2 has appeared on the Internet.

Bizarre Creations has finally confirmed that Project Gotham Racing 4 will feature our favourite robotic friends, motorbikes.

Irish bookie Paddy Power is taking bets on how much Sony will reduce the price of the European PS3 by.

With news of Sony's 80GB model PlayStation 3 comes word that the new console will eliminate the PS2 "emotion engine" chip, GamesIndustry.biz is reporting.

Gamecock has signed a new project from Call of Duty: Finest Hour developer Spark Unlimited, GamesIndustry.biz is reporting.

The latest film may not be set for a cinema release until this weekend, but Electronic Arts' Harry Potter & The Order of the Phoenix is already enjoying a second week at number one, with sales rising by 29 per cent, GamesIndustry.biz is reporting.

THQ has announced plans to roll up its sleeves and get downright filthy with a new MX vs. ATV game for PS3, Xbox 360, Wii and DS.

Konami reckons the USD 100 price cut won't significantly improve sales of the PS3, and as a result the upcoming Metal Gear Solid 4 game may not remain exclusive to the format, GamesIndustry.biz is reporting.

Activision has signed an exclusive partnership with Gibson Guitars to feature over 20 of the manufacturer's instruments in the upcoming Guitar Hero III: Legends of Rock, GamesIndustry.biz is reporting.

Hollywood movie director Steven Spielberg has been filling in some details for his upcoming trio of games.

Microsoft has created a smaller chipset for the Xbox 360 that allows it to cut production costs, GamesIndustry.biz is reporting.

EA has confirmed that Wii sing-along Boogie will come with its own karaoke microphone when it's released in Europe on 31st August.

Steven Spielberg is spending between one and four hours a week working on the games he's committed to make with Electronic Arts, according to EA's Neil Young.

Steven Spielberg has signed a deal with Electronic Arts that will see him working with the publisher's LA studio on three original game properties.

Do you remember the first time a piece of fiction - a film, a book, a game - made you genuinely, horribly afraid? Everyone is afraid of something, and for each fear there's a fiction which touches precisely on that most primal of instincts, twanging unsettlingly on the strings that make even us hardy grown-ups wonder, just for a moment, if we really are alone in the dark.

Bethesda Softworks has announced The Elder Scrolls IV: Oblivion Game of the Year Edition, which is due for release on PlayStation 3, Xbox 360 and PC this September.

Another week and three more games line up on the US Virtual Console, giving us a slight insight into what us Europeans might be treated to on Friday.

A compilation of the music from Gears of War will be going on sale across the US on 31st July.

Sony America has announced a new 80GB version of the PlayStation 3 console to be released in North America in August, complete with a copy of MotorStorm for a retail price of USD 599, GamesIndustry.biz is reporting.

Electronic Arts' CEO John Riccitiello has warned that yearly sequels and increasingly difficult games are alienating consumers.

Developer Shin'en has released a barrage of new details for shoot-'em-up sequel Nanostray 2.

EA and MTV have let fly a few new details for their upcoming rhythm-action game Rock Band, including a handful of fresh songs.

SEGA has announced it will be bringing arcade fighting game Bleach to Wii and DS in early 2008.

Sony has told GamesIndustry.biz that a major announcement - potentially regarding the price of the European PS3 - will be made on Thursday at its E3 conference.

SEGA has revealed that the Xbox 360 version of Virtua Fighter 5 will come complete with Live multiplayer when it's released in August.

Sensible World Of Soccer will be hitting Xbox Live Arcade later this summer, Codemasters confirmed to Eurogamer today, and you'll be asked to pay 800 Microsoft points (GBP 6.80 / EUR 9.30) for the privilege of taking it home. So to speak.

Mario Party 8. Eight Mario parties! That's a lot of cake, streamers and mini sausage rolls over the years, and that's with fudging the numbers; there was also the poorly received Mario Party Advance, plus an e-Reader card game and an arcade installment that were never released here. With that in mind, the first Mario Party to hit the Wii had better do something pretty special to make it worthwhile if you've already purchased one already - especially considering you probably already own about 5 mini-game collections for the Wii, anyway.