OK Gabe, but where the hell is Half Life 3 hmmm?
Check out this in depth video of Gabe Newell's (founder of Valve, and video game legend!) recent talk at the University of Texas. In it he talks about a range of issues and particularly the future of Valves' digital delivery service Steam. Rather interesting that he wants to separate Valve from Steam as the service has become an unwieldy monster (the fourth largest bandwidth consumer in the world!) that Valve has to manage, and so less focus can be given to create video games, the very medium that made Valve so successful in the first place. Lets hope this frees them up to be able to release the third game in the Half Life universe.