I've been dreaming about Half life 3 for years now. From time to time I'd imagine how it would be like.
Half Life 2 is referred to as one of the best pc games of all times and I agree. The story was great, gameplay was superb, graphics were incredible and the physics engine it had was ahead of it's time. I remember picking it up on launch day for PC and how much research I've done on the game prior to and with how successful HF 1 was. And I remember the small war it had going on with Doom 3 and how torn I was in-between the two.
But Half Life s's finally may, may see the light at last according to this story..
"Valve Rumored to be “Talking about” Half Life 3."
Again, still rumours. One issue I see is that people have been waiting for years for this game and how will it live up to expectations.
But I always thought they would release a new HL on a new engine. Considering how Valve employees work on projects, there is probably a few people working on it but it doesn't mean we will see it any time soon.
In an interview, under the guise of talking about Ricochet 2, Gabe Newel more or less confirmed that they've been working on Half Life 3 for some time, in some form. Though it wouldn't shock me if it were a launch title coming out for steam box.
Half Life 3 is not in development hell. Valve just hasn't worked on it fully. Prey 2 is in development hell.
Because of how they structure they're company. , individual employees work on anything they want so I assume they have been working on it but without the full development team behind it.
They released Portal 2 a couple years ago and they are still creating content for DOTA2 and TF2. I wouldn't be surprised if they announce HL3 in fall and release spring next year. Remember, it's not a huge development team and they don't utilize outside resources as much as other teams do. It's not like Ubisoft where 3-4 teams work on one title.