I've covered the past four E3 shows as a journalist and I'm hoping to escape it this year. We have invites, but I think I'm going to pass and just wait for publishers to send out beta releases instead. Playing a ROM cart on your DS at home is about a billion times better than trying it in a crowd of sweaty gamers.
This year should be a better year for the journalist, however, even if it is scaled back quite a bit. They've really cut down on who they are letting in.