Something I've been thinking about is the smartphone release cycle verse the console release cycle. Valve could inflict a lot of damage on Microsoft and Sony's

Something I've been thinking about is the smartphone release cycle verse the console release cycle. Valve could inflict a lot of damage on Microsoft and Sony's market share just by releasing an incrementally better Steambox once a year. Consumers don't want to buy a new $1,000 computer once a year, but many are close to doing it with their phones. The subscription/contract masks to cost to a degree. I'm not sure what the economics will come down to, but a new Steambox once every 6 years seems quite unlikely.