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I've been closely following the moves Valve has made, and this has been hinted at before. I remember reading a The Verge article on the route Steam will take, and this doesn't deviate that much from it. I do think it is a great move to enable pc game streaming. That way my $800 gaming rig won't go to waste. The next announcements will probably be the Steam Box itself, and hopefully a new game to accompany it with.