http://www.theverge.com/2012/3/2/2840932/exclusive-valve-steam-box-gaming-console

Valve has already said, "Well, if we have to sell hardware we will."
Now they submitted a patent on a controller design with swappable components.


Another piece of this rumor says that there are no development fees. That would be huge for developers like NinjaBee and others who only focus on downloadable titles for consoles.

Check out the link above for the full article.

Maybe THIS is why we haven't heard anything of Half Life in so long...

Most likely, this is a current but confused version of the Steam service for PS3 rumor. I think I would prefer this to a steam box. Then open up to put steam on all devices! One account to rule them all. One set of achievements across all platforms and handhelds.

T'would be glorious. But nay, I doubt the three figure heads of gaming would ever allow that to happen. Netflix, fine. But not a competing gaming company.