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Well, it's a reasonable explanation :-P
I think they're reserving it for Source 2. I believe HL3 will be the first game released with this engine when the engine is done
I find the OP's explanation to be much more believable.
now that i've looked at it i agree lol
Might also be something to do with Valve's VR system. What a better way to promote it than HL3..
All their resources have gone into Portal I guess.
It's all hardware related. I think Valve said not too long ago they were kind of disappointed with current hardware (a year or two ago) and that their vision for half life 3 far exceeds what's out there.
Good one. I was actually thinking today that April 1st would be a great date to announce HL3. Everyone would think it was a joke, but it Valve should announce it for real = everyone would get trolled.
But the real reason there is no HL3 is because Valve doesn't care obviously.
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