The new E3 is called E3 Media Business Summit 2007 and will actually take place in July (7-11th). I actually have no idea what to expect and how the new game industry trade-show will bring. What I know is that we will be there to report about it.

Gaming Target went out on a lim and came up with 21 predictions on what they think will be released or announced at the E3 2007.
Predictions include details about the Sony PSP redesign, secret Mortal Kombat game and Killzone in real time will blow everyone away.
Read all predictions on the Gaming Target. See also the E3 Media Business Summit 2007 site.