Valve?s Gabe Newell spoke to Kotaku during this year?s Video Game Awards about his plans for the coming years. The recently released Steam's Big Picture mode has received better than expected results, according to Newell, which is being developed as a precursor to Valve?s ambitions to get into the living room.
The company is developing technologies around a gaming console that would be much like Xbox and PlayStation, in purpose and system. The next big milestone on the development path will be a stable release of Steam Linux that is capable of running Steam's Big Picture. Valve is simultaneously working on a new game engine that is destined for the console, and subsequently lead to a new game from the studio.
Source: Kotaku
Source: http://technoholik.com/news/gaming/pc/valve-developing-gaming-console/4411
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