So, this "surprise" announcement..
- is not of interest to XBox or PS3 users
- is not Episode 3
- is rumoured by an anonymous source that it will be Source 2 / HL3
- will not announced by Gabe, as he won't be at e3
I find it hard to reconcile the Source 2 rumour with the statement that it will be of no interest to console users. It would be an odd move for a company of Valve's size to go PC-exclusive on their next big engine launch. That just doesn't add up to me.
Personally, I'd love to see a new "Orange Box" style product containing;
- Half Life 3
- Black Mesa Source
- Portal 2
I think it's probably a given at this point that Ep3 is no more, and has been rolled up into a hypothetical HL3.