Valve is rumored to be developing their own console, currently known as "Steam Box". Steam Box is developed with the idea of a low-cost and micro-sized PC that would be able to play all of Steam's games. The baseline specs of Steam Box is reported to be a Intel Core i7 CPU, 8GB RAM, and an Nvidia GPU, which would run pretty much any PC games in high quality.
Maybe for once, I might consider getting a console. I mean heck, a console with specs better than what my PC currently have? Shut up and take my money! It's great to see Valve venturing into consoles, and not just sticking to the PC platform. Although Valve has not confirmed any of the reports yet, they should be making announcements in the near future.
Image source: http://www.slashgear.com/valve-announces-15-million-steam-subscribers-0810151/