Update: When we asked Valve to see if they were involved with the development of the Steamboy, the company simply responded by saying, "We have no idea what this is." The original story is posted below:
To say the proliferation of smart devices has adversely affected the sale of dedicated handheld gaming devices would be a gross understatement. A new handheld console at this stage, it would seem, makes absolutely no sense. Well, to a company called Steamboy Machine Team it makes perfect sense.
At the recently concluded Electronic Entertainment Expo (E3), the company announced the world’s first Steam OS-running handheld games console. Scheduled for release sometime during 2015, the 5-inch device will pack: a quad-core chip, 4GB RAM, 32GB internal storage and a 16:9 touchscreen.
"SteamBoy won't be as powerful as other announced Steam Machines in the same way [the] Nintendo 3DS or PS Vita performance is not comparable to Wii U or PlayStation 4," the company told The Escapist. "However, it will be possible to play the majority of current games in Steam."