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When I was a journalist, GDC was so incredibly hit and miss it was frustrating to try and decide whether to send staff to cover the show. Some years it's got major announcements; other years it's got practically no news.
GDC has an identity crisis; it can't really figure out where it wants to sit between a dev con and a media con. At least they've apparently shuttered the Texas show, which hopefully means they'll refocus on San Fran.