TL;DR: Valve launched the Steam Frame VR headset with an Arm-based Snapdragon chip, aiming to run Half-Life: Alyx natively and streamed from PC. The new hardware features a “Frame Verified” status for optimized games, while rumors suggest two upcoming Half-Life titles supporting PC and VR cooperative play.
Yeah. You can sell ‘pure consoles’ at a loss and make it up with games sales. This is basically a mini PC that you could reinstall the OS and use for any purpose. Selling it at a loss would be crazy.