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Hm...this might end up as actual XBOX console (with full backward compatibility), that can play PC games as well, not the other way around.

If they ditch Steam ports and launch 1st party titles only on XBOX store (and maybe even "convince" some of 3rd party publishers to do the same, at least in time-limited fashion), Helix behaves as usual console, with extra feature being access to Steam and all other PC games to make some of PC audience buy into it more easily.