Enough 'evidence' has been gathered by various people on this board for me to submit my opinion on GenCon and WOTC.
First, I'll talk a bit about Hasbro's problem with GenCon being in Bankruptcy and trying to do business.
Hasbro's problem with GenCon being in Bankruptcy is that GenCon is operating under a court-appointed trustee. So, while GenCon would probably be okay with Hasbro using its $431K credit to offset the fees for GenCon 2008, the trustee cannot agree to that deal as it gives Hasbro preferential treatment as a creditor to the bankrupt GenCon. In other words, Hasbro would be able to convert their 'credit' on a $1 for $1 basis for services and fees for GenCon, while Lucasfilm and Walt Disney could not. The trustee cannot allow a deal like that; at least not without the unanimous consent of the creditors committee - and we can see that based on the number of creditors and the $$ involved, that is not likely to happen.
So, it's not that Hasbro will not DO business with a company in bankruptcy or that Hasbro and GenCon don't WANT to work out a deal; it is that decision makers of both parties are extremely constrained in what they can do because of the restrictions of GenCon operating under bankruptcy protection. Bankruptcy not only protects a company from creditors, but also protects each (small) creditor from the other (large/current) creditors as all parties scramble to get as much as they can from the bankrupt company.
Keep in mind that GenCon is 100% at fault here. GenCon is the company that over-extended itself and sought bankruptcy protection from creditors. Because of that, certain business decisions and transactions either are simply not possible or take much longer to execute. The problems we are talking about on this list ALL began and end with GenCon, LLC, not WoTC!
In summary - Facts:
-GenCon LLC owes Hasbro $431K, which is probably just a bit less than what WOTC would normally pay to GenCon for the tremendous convention booth and display area plus the three very large organized play areas for MTG, RPGA and Miniatures (DDM, Star Wars, Axis & Allies) at GenCon.
-Hasbro is NOT going to pay for ALL the booth and play space as long as GenCon owes them the $431K and Hasbro cannot get $1 for $1 credit conversion; and the bankruptcy will not be discharged/resolved before GenCon.
-WOTC, the RPGA and DCI have committed to the end user gaming community to not only be at GenCon, but also to debut their new D&D 4e product with LFR at GenCon.
Current Opinion:
At the very last minute (like end of July), Hasbro and Gencon will reach an agreement (somehow) that will bring WOTC, the RPGA and DCI to GenCon; although in a much smaller footprint than in years past. My expectation will be that the WOTC booth and display area will be 20-50% of the size it was in past years and that a lot of the organized play areas will be reduced or consolidated.
So, I am patiently waiting for an announcement after Origins (where the end user community will really be able to deliver some direct feedback to WoTC and RPGA) that Hasbro and GenCon have reached a tentative agreement. I am keeping some slots open - I am already qualified for the D&D open and am a returning top-three finalist for the DCC open. I just hope that I can login fast enough after GenCon posts the reduced set of RPGA events in late July to get the games I want.