Weird, I thought Valve actually layed off members of their hardware R&D Division some months ago.
I mean, there's still a possiblility that if it's hardware, they may outsource developement and production to another company. It's one thing to research and develope a product, and it's another thing entirely to market and produce said products. I think Valve has gotten the first part down, but likely lack the expertise and history to do so.
Because if hype has told me anything, it's that you're just setting yourself up for dissapointment.