Day 2 of the E3 Media and Business Summit seemed to be a more subdued affair compared to the events of the first day. As you guys will notice below in our daily recap, many of the news tidbits we covered for the day had more to do with the release of new assets for already announced games, along with a trickle of new information, screens and/or video for the newly announced games, such as Nintendo's Wii Fit fitness training program.

For some rather important news, you'll be able to find details on Ubisoft and Take-Two Interactive's E3 2007 briefing details, as well as look at more of the redesigned PSP in all of its slim glory. For our E3 first-look articles, you'll be able to take a gander at the first screens and info regarding Steven Spielberg's Project PQRS, as well as an exciting new dungeon addition to Blizzard's World of Warcraft: Zul'Aman. We also have tons of new screenshots and videos for everything from God of War: Chains of Olympus to Soul Calibur 4, so check our links below to savor more gaming goodness.

We're hard at work updating the site with more info so you don't miss a thing. While you wait for the latest 24/7 coverage of E3 2007, feel free to check our current coverage of day 2 of the summit, as well as our roundup of day 1. Enjoy!

Breaking News:

More images, comparison pics of the redesigned PSP
Take-Two E3 2007 Briefing details
Ubisoft E3 2007 Conference details

All the latest updates after the jump!

Outgoing Electronic Arts (EA) CEO Larry Probst recently talked about the the turnover in the giant company's administration, the PS3's sales-price tag correlation and the phenomenal success of World of Warcraft in an interview.

Probst says that the turnover's timing couldn't be better as the console generation transition is picking up on steam and the game business community is "through choppy waters." He will be succeeded by fellow EA top cat John Riccitiello.

Asked about what he thought about the PS3's market performance thus far, he said the Sony delivered the numbers that they expected and was not surprised at all that the console which sells for close to $900 when bundled has met some considerable resistance.

However, he expressed faith that in a while, consumers will realize that the value is there since getting the PS3 also means you get a pricey Blu-ray player as a killer extra.

Probst also commended Blizzard for its work on World of Warcraft, calling the entire project "lightning in a bottle" and expressed his regret that EA didn't purchase the MMORPG titan when it was up for grabs in the free market.

Moving over to EA's own backyard, the soon to be ex-CEO praised the creative maestro Will Wright, calling the genius behind Sim City and The Sims the "Steven Spielberg" of EA. He revealed that Wright gets his way most of the time and expressed his confidence in Wright's new project Spore.

Apparently, there are unconifrmed news circulating that Steven Spielberg director of such iconic movies such as E.T., Empire of the Sun, and Jaws, is now being set to direct a movie adaptation of the popular MMO, World of Warcraft.

A bit farfetched huh? Considering that the WoW movie does not seem like the type of movie for a director of his status to even consider, let alone pile on top of other stuff he has in the works (like Indiana Jones 4). Also video game adaptations have yet to receive mainstream prestige, although some did well on the box office, the "Alone in th Dark (starring Christian Slater and Tara Reid)" stigma pretty much still sticks.

The movie is expected to hit some time around 2009 so we'll see about that. Whether Spielberg takes a gamble with WoW or someone else does is something that we'll know in the future. How about you? What do you think of Spielberg directing the WoW movie? Would you rather have someone else direct it? Let us know through your comments.