I think they each have their pluses and minuses, and I agree that Internext would be better received if AVN wasn't involved in it. Internext seems to draw in the "beer money" webmasters who are sleeping 4 to a room, aren't there to do a lick of business and never buy a meal or a drink the entire time they're there.
The smaller shows like Fay's tend to bring in those who really DO want to do business.
And there are the casual get togethers which IMHO, tend to be the real business opportunities. I'd go to each and every one of these if I had the time and money.
I never went to an AWE show, but in reading the boards, there was only one sponsor who was allowed to do business there and when others showed up, they were treated like red headed stepchildren and asked not to return.
I would love to have a small show of those of us who've been in the biz for 4-5 years (which sadly eliminates the newbie - Gonzo

) with no sponsors and everyone pitches in $$$ to cover the food and booze.