Kotaku has a hands-on preview of the Steam Big Picture Mode, which will launch as a beta today. They discuss what this first step will and will not mean to PC and console gaming, and offer Valve's thoughts on how this may or may not lead to development of a dedicated Steam set-top box. Here's what they say to expect: "Here are the basics: this afternoon, when Big Picture goes live, you'll be able to push a button and turn Steam into an entirely new interface. It sort of looks like the dashboard on an Xbox 360, minus the advertisements and other clutter that can make that system so irritating to navigate. And it allows you to do almost everything you can do on vanilla Steam: you can buy games, browse the web, and even chat with your friends using the platform's standard in-game overlay." They also have this trailer showing what the new mode looks like.
This looks nice, I'm sure they will make a few billion off of it, but I'd rather see them do a ridiculously good Half Life 3 then this sort of console war stuff.
Unfortunately all the money is in Big Picture. It wouldn't surprise me if Valve never makes another real game. No, Portal 2, DoTA 2 don't count, those are games they absorbed, Borg style, complete with some/all of the original developers.
Also TF2 is an insult to QWTF, no matter how delicious the cgi movies are.