I have a different theory than damolecs, even though I do respect what I've read in his posts.
Vivendi has been looking for a buyer, and have been. I believe that that Valveās deal with them is based on Vivendi being a solvent company, and if Vivendi changes hands, Valve would get all the rights back for distributing HL2.
My guess is that Gabe is very smartly hanging onto the title until Vivendi is sold to someone so that he can distribute the title on his own with Steam, and find another publisher for the Box item. I wouldn't be surprised if Microsoft published the title, and incorporated steam into the next version of windows.
Like I said this is just a theory.
My running list of developers that have power over publishers. (add more) and this list isn't in any particular order so don't try and read anything into that.
id software
Epic
Raven
Lionhead
Dice
Valve
Blizzard
hmm... who else?
http://www.planetquake.com/vexarIt is by will alone I set my mind in motion. It is by the juice of Sapho that thoughts acquire speed - The lips acquire stains - The stains become a warning - It is by will alone I set my mind in motion.
Piter-Menat
http://www.planetquake.com/vexarIt is by will alone I set my mind in motion. It is by the juice of Sapho that thoughts acquire speed - The lips acquire stains - The stains become a warning - It is by will alone I set my mind in motion.
Piter-Menat Quo