Maybe. Officially though. It’s because they’re afraid anything they do now won’t live up to fan expectations. Which to be fair is a very real risk they need to consider.

Though it’s worth noting every game they’ve made the past few years even if it’s not the most memorable story wise is generally well received and profitable. Almost no studio today can boast a track record like that.

Rumor was they planned on dropping Half-Life 3 with the GabeCube and their other new hardware line up. Though while it’s not official the new hardware launch is expected to be postponed until prices on parts come down.

I was actually excited for the Hardware lineup. Both the Steam Machine and VR set up were intriguing with their modularity options