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Valve has finally announced the price of the new Steam Machine, and it'll be over $1,000 when it launches on June 30. In addition to confirming the price and release date, Valve published a new FAQ that runs through some key particulars about the system, including how it is not meant to be described as a console. "We think of Steam Machine as an extension of PC gaming, not as a console," Valve said. This is not a game console. In making its point, Valve said a console like an Xbox or PlayStation device would typically be sold at a loss, with Microsoft and Sony making up the loss with software