Is The Steam Box Near?

Valve’s Co Founder, Gabe Newell appeared at DICE 2013 discussing the venture of PC gaming into the living room. Newell states that the Steam Box will have basic functionality with streaming to your living room TV. The Steam Box will be cheap, for a console costing under £63 ($100). Newell believes Apple are also making progression into living room entertainment. Newell constantly empathises the importance of the communities involvement.

For example, offering free to play games such as Team Fortress 2 the community produces most of the content themselves, this offers a great community-company relationship, which is extremely important in the gaming industry. He believes that the store should be user generated content, and allow users to cross trade through other games in a big ‘trade Central’.

The controller is what we harness and control when playing games, Valve have shown particular interest with the Nvidia Sheild. Is this a possible insight into the Steam Box soon to come?
We also currently know that Valve have been working on their second Source Engine. Maybe this source engine will be released alongside the Steambox, showcasing the new idea. We might even see the arrival of a game we have been waiting a long time for. But time tells.