The exact quote:
It is important to us, and we’ve tried to be really clear, we are not doing the yearly cadence. We’re not going to do a bump every year. There’s no reason to do that. And, honestly, from our perspective, that’s kind of not really fair to your customers to come out with something so soon that’s only incrementally better. So we really do want to wait for a generational leap in compute without sacrificing battery life before we ship the real second generation of Steam Deck. But it is something that we’re excited about and we’re working on.
Steam machines were a great idea that the market wasn’t quite ready for, and were too niche at the time. The steam deck has proved people of all technical levels are ready and willing to embrace a non-windows OS, and don’t care what it is as long as it can easily give them access to their content. I have an Nvidia shield, a PS5, a steam deck and a desktop PC. My game library is disjointed and I rarely play anything on the PC, because there is no good way to make it convenient. The vast majority of the time I use my steam deck, I’m sitting on my couch, just like my PS5 .
A steam console could unify everything, cut my devices while simplifying my experience and giving me way more control over the invasive bullshit that comes with streaming and android devices. That has so much upside and value to me, it’s hard to even put a price tag on it tbh.