The Ouya doesn't count as a serious competitor. It's an Android console with negligible-at-best third-party support, and exactly zero first-party support. Ouya has no wholly-owned studios to churn out games exclusively for it's system as the Big 3 all have.

I consider Ouya about as likely to disrupt the Sony/ Microsoft/ Nintendo machine as Nokia's N-Gage was at disrupting the PSP and DS.

Not necessarily, instead of using a keyboard and a mouse they could go with something like this

http://www.logitech.com/en-gb/product/10543?crid=26

and use it while resting on their legs.

Rather than speculate, I decided to see for myself. I took four consoles (the Wii U, Xbox 360, Playsation 3, and the Dreamcast) and put them on a deserted island.

Withing hours, the other three killed the Dreamcast when they found it was hiding food. The Wii U hung itself from a nearby palm tree. The Xbox tried to swim to safety, and drowned. The PS3 was killed in a random monkey attack. So, to answer your question: No.

If it was a deserted island, where did the monkey come from?

It was REALLY random!

Or the Godzilla of the sea monkeys!

Well that explains that in great detail lmao

I imagine the Steambox to be a gaming console in all respects, but with a PC hardware architecture (x86) and a proprietary OS based on linux. Steam will be used to buy both games and apps to add functionalities to your system.
Using a PC architecture, it could be easily supported by all current PC/Steam developers, with the option to optimize the game a little bit if they want to.
As their main goal, they should deliver a good price/hardware compromise, this way those who are interested into a low to mid level gaming PC could opt to buy their console, while hi-end PC enthusiats (a minority) could still use standard Steam on their PCs.
Imo, if they don't screw up something, if they manage get a couple of good exclusives it could coexist with other consoles and even steal some marketshares.

i don't really get the point of the steam box being connected to your PC so it can be in the lounge like a console but you still need to upgrade your steam box like a PC,i must have misread some posts

i thought the steam box was preparing for streaming/cloud storing games,if you are a PC gamer it's hardly a chore to have your PC plugged into your big TV these days