Microsoft Corporation (MSFT), Zynga Inc (ZNGA), Activision Blizzard, Inc. (ATVI): PC Gaming Leads In Innovation

Is Valve about to step into the living room?

That said, perhaps the more general idea of a console — a box that you plug into your TV — isn’t going away. There have been reports for months that Valve is preparing to launch its own console — the so-called Steam Box — and while Newell didn’t explicitly announce it on Monday, he made statements to strongly suggest its forthcoming appearance.

Right now … you’re sort of in this bizarre situation where, as soon as you sit on your couch, you’re supposed to have lost connection with all of your other computing platforms…. Well, just buy your games all over again!…”Yes, you can have music, but you need to buy it from us”…. We thought that was an incorrect way…. You could build something that spanned like the desktop and the 10-foot living room experience…. People are sort of like, “oh, people don’t want PCs in their living room”…. We need to build something that showed that you could take everything you like about your PC and bring it to your living room… The next step is to release some work we’ve done on the hardware side.

A Steam Box — a PC-based, video game console that embraced an open model and user-generated content — could wreak havoc on the traditional video game consoles long-term. And based on Newell’s comments, gamers might not have to wait much longer to get their hands on one.

The article Valve: Console Gaming Will Die, Player-Created Content Is the Future originally appeared on Fool.com and is written by Sam Mattera.

Sam Mattera has no position in any stocks mentioned. The Motley Fool recommends Activision Blizzard. The Motley Fool owns shares of Activision Blizzard and Microsoft.

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