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I suppose, but it'll be sad not have announcements planned for a certain time of the year. For me that's what made E3 special. Directs are fine, though they're not always cover all bases. The Xbox and PS versions of a Direct still need to improve since I don't think we've had a great one (the PS Experience did had a couple of good presentations).
I think for indies it'll be necessary to have some sort of event. Since many indie games start as crowdfunding, either to build the entire game, or prove interest to the publishers.