Will that mean that there will be no day off to enjoy the event at a splendid site?!
Virtual Launch events are nice; however, they for sure exclude may opportunities for physical interactions. Getting together semi-formally with x-colleagues in the industry, getting an opportunity to meet the masters of the technology, whom you, might already, are virtually dealing with them on frequent basis in the day-to-day operations.
What about the guys presenting their efforts? They deserve feeling appreciated from the community and looked at with proud from their peers and sub-ordinates.