[url=http://www.polygon.com/2013/1/7/3849284/piston-valve-steam-box-xi3]Codenamed "Piston"[/url]
I'm actually pretty excited that Valve is (sort of) getting into the market for consoles. I think this is the first step to a full fledged console with PC upgradability and quality. This is essentially that, but is still considered a PC from what I understand. But with the release of Steam Big Picture and the use of an HDMI capable television, this can basically be a console.
Thoughts?
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Gabe already said that the Piston is not [i]the[/i] Steam Box. Valve is developing their own thing by themselves.