Valve has unveiled a new lineup of hardware, including the Steam Controller, Steam Frame VR headset, and the Steam Machine, which aims to integrate Steam libraries into living rooms. Phil Spencer from Microsoft praised Valve's initiative, emphasizing the importance of expanding access across devices. There are concerns about the future of Xbox, with remarks suggesting uncertainty about next-generation console ambitions. Industry observers note a shift in consumer perception, with some feeling there is no reason to buy an Xbox again. The Steam Machine will bring an entire Steam library into the living room and is set to launch in 2026, a year ahead of Microsoft's new console hardware in 2027. Valve's pricing strategy for the Steam Machine has yet to be disclosed.