Valve has shot down the 'Steam Box' hardware rumors that were swirling about late last week.
It was originally speculated that the company was prepping a set-top box that could run PC games and use Steam or even competing services.
"We're also doing a bunch of different experiments with biometric feedback and stuff like that, which we've talked about a fair amount.
"All of that is stuff that we're working on, but it's a long way from Valve shipping any sort of hardware."
Lombardi would not dismiss the possibility of Valve-developed hardware in the future, but for now anyone hoping for Valve to enter the console market will have to stay patient.