That's not a Steam console; it's a Steam PC
 

Slowly but surely, Valve's plans for Steam in the living room are coming into focus. On Monday, we learned about SteamOS, a Linux-based operating system that will stream games from local PCs. On Wednesday, Valve revealed that a range of SteamOS-powered machines will be available from different hardware vendors. Another announcement is scheduled for Friday morning. Details about a new kind of input device are expected.

I'm curious about what sort of controller Valve may have devised. Company chief Gabe Newell has expressed an interest in wearable devices before. Valve has also worked with the folks at Sixense, whose motion ...

http://techreport.com/blog/25433/tha...-it-a-steam-pc