This has got to be one of the dumbest rumors. The suppose leaked pics and specs are straight up PC. At most, which is super fucking unlikely anyway, is Valve branding a PC. It would still have to run Windows if Valve is going to push Steam since people would not buy a single console just to play Valve games and a fuck ton of games use Windows APIs for game development. Of course, there's pricing. An i7, 8GB, Nvidia COMPUTER isn't going to be running $300 and neither would a Valve console unless they are super willing to take a massive hit to the money machine.
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