Last year Valve did "mass" (relative to the size of the company and divisions) firings [0] after Jeri Ellsworth was fired. Right now it's just speculation, but I doubt Valve has either the time, money or motivation to compete against two giants, Facebook and Sony, and against the other new competitors that are starting to appear [1][2][3].
Valve's hands are already full with the SteamBox, the controller, Steam itself and however many games they have in development. But yes, you're right - some of the VR developers might simply be relocated to other projects within Valve. Who knows.
Valve's hands are already full with the SteamBox, the controller, Steam itself and however many games they have in development. But yes, you're right - some of the VR developers might simply be relocated to other projects within Valve. Who knows.
[0] http://www.theverge.com/2013/2/13/3985642/great-cleansing-at...
[1] http://www.trueplayergear.com/
[2] http://www.lazygamer.net/general-news/razer-climbing-on-the-...
[3] InfinitEye: http://www.youtube.com/watch?v=nH86II2CwdE