Report: Valve Developing Steam Box Console
http://www.ign.com/articles/2012/03/02/report-valve-developing-steam-box-console
Hell yeah!!! 
GDC - March 5-9
On a side note. Remember the iterative upgrades they make to the Source engine. They are gonna do that to the console(if they are making it) so they don't have to bother about understanding a completely new console every 5-10 years during the development process.
But all of us know about VALVE TIME........So? 
Maps made : [SP] PORTAL 2 : After Math
Steam ID : chimera201
Translation: 
That said, this has been rumored for a long time tbh.
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Translation:
That said, this has been rumored for a long time tbh.
How about this:http://penny-arcade.com/report/editorial-article/valves-gabe-newell-talks-wearable-computers-rewarding-players-and-whether-w
Maps made : [SP] PORTAL 2 : After Math
Steam ID : chimera201
Screw the box, I want Episode 3.
And it seems highly unlikely to me that Valve would make a console, given how only recently they've integrated Steam with an already existing major one.
Now with 100% more inline comments!
It would be interesting the see nonetheless. If such a thing was true I would definitely get it. My PC is aging fast and I can trust Valve making a console over Microsoft (Dashboard has ads? No thanks) any day.
It would be sweet to have a baseline for developers to work with, although I'm not sure they'd ship it with an i7.
http://www.soundcloud.com/jomonay
"Anything that you do, just be THE best at it" - Kanye West
Valve has replied that they DO NOT intend to release this any time soon. These computers are designed as test-pc's for valve. Just like they tested back for Half-life 1. Nothing to see here, move along.
That's true.
But they did say they are working on biometrics and stuff like that.
Maps made : [SP] PORTAL 2 : After Math
Steam ID : chimera201
I wonder if this has anything to do with it?
http://www.faqs.org/patents/app/20110105231#b