Video games are a big business with top-tier video game sales often outdoing the hottest films box office take. When the video game industry started getting large back in 1995 the inaugural E3 or Electronic Entertainment Expo was launched.

For most of its life E3 was associated with massive booths, tons of games, game geeks everywhere and hoards of booth babes. Then in 2007, E3 changed for the worse. Only journalists could get in and even then journalists had to be invited by a game firm showing at the show.

If you want to feel like you’ve just downed a 2-liter bottle of I don’t know, say LSD, have a look at the freaky video below that shows off Wii Music. Does it have what it takes to become a best seller? I don’t know, but it’s gotta require some level of skill right? Should we love it or should we hate it? All I know for sure is that the video below is like a nightmarish, trippy Mii music video that seems to want to get into your head and convert you.

Sony has released an update to it’s corporate strategy through 2010. It talks about initiatives to move Sony from recovery to the “leading global provider of networked consumer electronics and entertainment.” The most welcome short term news is that Sony will have a movie download service available to US PlayStation 3 owners this summer.

Japan and Europe will have to wait until later for once. More details should be coming “next month,” probably at E3. As far as Sony’s gaming business, they expect it to be profitable by March 2009, the end of this fiscal year. There you go, summer. You won’t have to wait as long as you thought.

Here’s an interesting rumor. Hirokazu Hamamura, the head of Japanese gaming mag Famitsu’s parent company is predicting that Nintendo will unveil the next-generation DS at E3 2008 this summer. Hirokazu has not commented on the hardware or cost though.

If it were anybody else, we’d dismiss the notion, but Hirokazu should be in a position to know. Should we get a new DS, one bit of speculation is that they will do away with the GBA port. And as Kotaku points out, it took two years between the transition from DS to DS Lite, so a new DS this year might just be possible.