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That was just an excuse by Valve. The reality was that they were unable to finish numerous HL attempts due to the shortcomings of their organisational structure and somewhat absent/aloof/fickle top management.

Maybe they’ve finally recognized and fixed the real problem. Maybe not. We will see in future performance.

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While I am sure that may be part of it.

How they have built games recently seem to backup what they said.

Aperture Hand Lab and HL:Alex was VR and partially pushing the Index.

Aperture Desk Job I can’t remember the name of was for the Steam Deck.

The way they have released games seem to backup what they are saying.

HL: Alex happened because "upper management" (aka the people with the actual power in their amorphous organizational structure) was engaged, and wanted a major title in VR. Major titles do not happen otherwise; excitement by the troops only goes so far, because there will always be setbacks and grind.

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