Having built nearly every PC I've ever owned, certainly every gaming PC, there are a couple trends I've noticed. First, the idea that they're upgradable and you can always improve performance later is a bit inaccurate.
While yes, you can upgrade CPU, GPU, RAM, etc, by time most people need to upgrade, current components won't be compatible with the old ones. A new CPU often needs a new chipset which means a new motherboard. If you have a new motherboard, you may need a different type of RAM, and so what happens is most people just end up building entirely new gaming PCs each "generation."
What Valve is doing is closer to what I've been a proponent of motherboard or CPU/GPU manufacturers doing in creating a new slimmed down form factor for a motherboard that includes most of these things built into a single PCB. The motherboard, CPU, GPU could be integrated into one PCB, eliminate the need for PCI-E slots, and save a significant amount of space and reduce costs to manufacture overall. Valve is somewhat doing this in a quasi-portable form factor but if manufacturers like ASROCK, MSI, ASUS, Gigabyte, XFX, etc were to make same form factor all-in-one PCBs containing the latest CPU and GPU technology at a reduced cost of the individual components, I'd probably go that route for future gaming PC builds to get better performance for the price, and take advantage of significant size reductions in the final build.
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