If the rumours are true, Nintendo likely won't be putting out a Nintendo Direct presentation in the immediate future. That's not to say announcements won't continue to drop, or game-specific Direct videos won't appear online over the summer, but a full-fat blow-out of a presentation doesn't appear to be on the cards in the near-term - certainly not of the type we'd normally see in the first half of June, anyway.
The reasons for this are various and entirely understandable. Disruption to the video game industry over the past few months has led to companies across the spectrum adapting and experimenting with new ways of delivering news and debuting games. Nintendo has been a leader in this field for some time; the first of the big three to abandon a stage presentation at E3 in favour of a broadcast that it could control and edit for maximum impact.