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I should probably watch the video because I can't help but think the OP is doing that whole pseudo journalistic click bait tactic to incense with out of context summarizations.

But dollar for dollar; no, they won't. The intro price for a new PS4 and XBO is now $350. And $350 buys garbage in new PC hardware.

Of course Valve would say something to this effect; it's their platform and they have everything to lose if it fails or underperforms.

It's the same thing as Nvidia claiming consoles are dead (back in 2012-13) when AMD received both contracts for the PS4 and XBO. Of course they're going to say the hardware for which they are not making any money off of because they don't have any contracts to provide parts for them are a dead end.

I love the Steam Box concept and if I want a dedicated gaming PC, I'll probably go the pre-baked route if I can't build a better spec box for less (seems unlikely given scale of economy on pre-fab boxes which explain why one can't build a console for less than one can buy one for at retail), but I'm not going to pretend for an instant that the entry models/minimum investment are going to give me the hardware performance that I would demand if I was building it myself.