Gabe, once again, will not confirm or deny the possibility of another Half Life game but did imply in an interview that there are no teams currently working on one. The reason is sad but obvious, as our sometimes maligned Raptr posts have shown, DOTA 2 and CS:GO make up over 10% of the time spent gaming by those with Raptr installed and at the time this article was written 14% of online Steam users are playing those games. That translates to a lot of hats being sold and a lot of money coming into Valve; significantly more than would come from a new Half Life thanks to the ongoing nature of those online games and the market they have created.
You can catch the interview from the links on Slashdot but stating that this is the end of single player focused games from Valve is an overstatement. The online gaming market is more lucrative but there is still a market for those of us who prefer stories to online bragging rights and some of the work they have done on current game engines should be translatable to a financially viable single player game or ten.
"Half-Life 3 is undoubtedly one of the most anticipated games in history. While Valve transitioned from the revolutionary series that brought the company most of its original success, to online games like Team Fortress, Dota and Left 4 Dead, people still desperately want to believe that there is more coming for Half-Life."
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