I wouldn't be surprised at all if this was the case.MasochisticAvenger said:I have to wonder if Valve actually cancelled this game a long time ago, but knows they'll be in for a massive shit storm if they ever actually revealed it.
Indeed, the longer the game is left the higher expectations people will have. Duke Nukem Forever is a good example, the game was going to be hated regardless (it wasn't great but not awful by any stretch of the imagination). I could see Valve revisiting the series in a decade or so as a bit of "revival" if technology is radically different enough to allow some game-changers like the graphics and physics in HL2 over the original, but otherwise nothing. Releasing HL3 now would be suicide in my honest opinion, not enough has changed - we're still on the same console generation after all - I'd happily play it for what it is and enjoy the experience, although I'm sure online communities would erupt in mass rage.
Left 4 Dead 3 would be very nice instead!