To be honest, I didn't really "watch" it. I livestreamed it yeah, but I paused it, would watch an episode of some tv series I missed (like Arrow), then would check to see if anything was catching my interests.
I have to say though, the trailers for this VGX were kinda lack luster. No real surprises save Tales from the Borderlands and No Man's Land. Every other world premiere trailer wasn't anything special. The Division talked about dynamic lighting and nothing else, the Witcher 3 looked nice and impressive, but didn't show too much, Destiny seemed to be a lot of what we've already seen, and it was all cut together kinda rough I think. Sure, sometimes the trailers are short and they want you to check out the full version the next day or something, but the trailers weren't even like that. No big reveals? Even just a short CGI teaser? They've shown Skyrim, Batman, Mass Effect, Dark Souls 2, MGS V, and others in the past, but what happened this time around? I think that's the most disappointing thing about this VGX.
Everything else is just sort of a weird mishmash that didn't flow right. Having a sit down and talking with some of the developers is cool, but since none of the reveals were that amazing, I didn't much care for it, especially if they are talking all vague like with Tales from the Borderlands. Showing live Demos is cool too, but I think the VGA's have always done better with trailers that show gameplay for X amount of minutes in a sequence; just a personal opinion. If you are going to live demo something, at least don't make it Donkey Kong? I'm sure its going to be a fine game, don't get me wrong, but I think we know how Donkey Kong plays at this point. Not only that, but THAT is the game Nintendo is going to show as a big reveal? It could be anything else except a Mario game (or maybe a Kirby game, but I don't play them that often so...), and it probably would have been better.
The hosts didn't seem to have chemistry whatsoever, and honestly looked like they hated to be there. Whatever jokes I heard just were...bad. Their dead eye expressions just made me not want to watch. Some people seem to like that Joel guy because he knew that the show was "bad" and his disinterest and random comments seem to make it a good show because of that. Can't really say. I liked the overall look of it (for so reasons, the moving gear pieces grabbed my attention), although maybe they should actually have an audience or something so the cameramen don't have to be the ones to make noise. Not a big one or anything, just something. From what little I saw, they whole thing looked a bit rushed, even when compared to some E3 stuff Spike has done in the past.
TL;DR: The reveals weren't that amazing, and barely any surprises with trailers not showing anything new. The hosts look like they hated it, and the whole thing looked very rush when compared to previous VGA's. Looked better and more serious, but they had almost nothing worth sitting through. Live demos and talking to developers is a cool addition, but maybe need better direction or less vague things to talk about. Again, I was just casually flipping back and forth, speeding through the parts that looked boring. I didn't sit through the whole 3+ hours.
Seriously though, the lack of any super amazing reveals I think hurt the show. You could probably ignore a lot of the annoying parts if they had good things to show, but they didn't.