yes spike tv is relevant. Because the most credible reviewer for videos out there, g4tv's xplay, is going out of business, that makes spike tv's gametrailers the top video game reviewer out there.
Do people really watch or care about Spike TV VGA?
I disagree. I look at Giant Bomb's quick looks and reviews if I'm interested in a game, much better than anything else concerning whether or not I'll like a game.IMO the best reviews in print belonged to EGM, but that ended about when this console generation started.