I'm usually pretty quick to criticize Gabe and Valve. People often give them a pass because their products are good, but Valve taking a 30% cut of software sales for a storefront and a game launcher is ludicrous. Tons of game devs are having to budget more to pay Valve than they are for the entirety of the staff developing the game. At least Nintendo, Sony, and Microsoft make 100% of the hardware for theor console storefronts and Gamestop has actual physical retail stores for their 30% cut.
However, the cost of the Steam Frame I'll defend, even if I absolutely won't buy an LED headset at that price. Hardware got expensive. I can't justify spending the money on it, but Steam can justify the cost.
What saddens me more is the Steam Machine. I thought it had real potential to be a disruptor, but it just costs too damn much to get people to replace their Xbox with it. It's not Valve's fault - the timing just sucks.