Steam Box [News]

So the Internet has lit up with commentary on the "Steam Box", a rumored console from Valve that may or may not exist.  Well, I'm going to look at some of the predictions and - assume they're true - speculate on what this means.  It's one article that's pretty much all bologna, but that's okay.

The first major question is:  Will the Steam Box become a major competitor?  Can it hold it's own against the Big Three (Xbox 360, PlayStation 3, Wii), or will it become another OnLive?  Well the rumors include that this beautiful little machine will run Steam and - hopefully - allow Steam users to upload previously purchased games to the console.  It is also possible it will allow users to run other PC games, which may include EA's online system, Origin.  But what does this mean for the market?