Don't expect it to be a perfect reflection of what you see behind closed doors. The initial participants include a few E3 mainstays, such as Ubisoft and Warner Bros., but there's more of an emphasis on hardware here: HTC and Oculus will be showing off their virtual reality headsets, while Alienware will be pushing its gaming-friendly PCs. The remaining lineup includes the likes of Frito-Lay, Loot Crate, Monster and Twitch. If you were hoping to experience the grandeur of the Microsoft or Sony booths, you'll have to keep waiting.

All the same, it's a big step... and possibly a necessary one. Penny Arcade's PAX gatherings draw attention partly because they represent a rare chance to show new and upcoming titles to everyday gamers -- E3 Live gives the ESA a chance to join in the fun and possibly upstage its rival. It's doubtful that this will steal all of PAX's thunder (those events are nowhere near LA), but it's definitely good news for anyone who lives and breathes gaming.