Downsizing E3?

Rumors are beginning to circulate that are stating a massive downsize of E3. The reasoning seems to be the massive costs it takes to put on an event of this scale.

GameSpot has learned that tomorrow the Entertainment Software Association (ESA) will announce changes to the format and scale of the Electronic Entertainment Expo (E3), the game industry event that typically draws in excess of 60,000 attendees and includes over 400 exhibitors.

Once again, file this under rumor until we get something firm. We also have a forum thread going for you to chime in.