Valve updated their article about when the Steam Machine/Controller/Frame will ship.
Previous message:
We hope to ship in 2026, but as we shared recently, memory and storage shortages have created challenges for us. We’ll share updates publicly when we finalize our plans!
New message:
We shared recently that there have been challenges with memory and storage shortages, but we will be shipping all three products this year. More updates will be shared as we finalize our plans.
Of course it’s insane. But a Steam Frame “only” has 16 GB unified RAM. That means a price jump from around 70€ to 200€, as in 130€ difference. If the entire device was planned to cost 800€ you are now looking at 930€, which isn’t great, but totally sellable by Valve.