While sales of the PlayStation 4 and Xbox One are moving at a rapid clip, a sense of transition looms over the video game industry these days — and the imminent kick-off of E3, the gaming industry’s annual trade show in Los Angeles, seems to be emphasizing that.

Cumulative sales of the Xbox One and PS4 are more than 40 percent higher than their predecessors after 30 months in the market. Nintendo’s Wii U, though, has largely been a non-factor this generation. Virtual reality is getting lots of media attention, but everyone in the industry warns it will be years before it’s anywhere close to mainstream. And the industry’s two biggest publishers have opted against hosting booths at E3 itself.

Read more at CNBC.com: As EA approaches, video game industry is at a turning point