The entire Texas game dev community is pretty much WTF'ing at this announcement since it's nowhere near any local dev areas like Austin or the Dallas area. 
Except... it isn't as far for them. For EA Tiburon/Florida dev houses, they still have to travel an assload of miles to either South or East.
Might as well make six PAXs for North/South West/East and North/South Mid-west at this point.
San Antonio isn't a location rich in game developers like all the other PAX conventions. Sure it's a short trip for developers, all things considered, but San Antonio is a poor choice when compared to Dallas or Austin. Bigger gaming communities in those cities, world renowned game companies, and a ton of independents. I'm guessing PAX received
way better convention pricing than either of those locations.
For attendees like you who are traveling out of state anyways I can see why it isn't a big deal but for me and friends in Dallas/Austin who attend for business and have booths, we just just find it funny that they didn't go where the gaming culture/industry is. So close yet so far!
spoiler (click to show/hide)
Regarding FL dev houses, they don't really attend
anything so it doesn't matter!

Texas is a gay hotspot. Diversity Lounge will be full up.
I thought it was kind of fucked up that they segregated all the LBGT related groups to a small room separate from the expo floor. I see what they were trying to do (offer a friendly and inexpensive space) but it was mostly empty and depressing to see everyone huddled off into a small corner away from everything.