"Evidence of several internal projects at Valve including Half-life 3, Left 4 Dead 3, Source 2 and many others have been discovered from a mailing list found within project management and bug tracking software, Jira."
Half life 3 & left 4 dead 2 found in tracker :o(2 posts)
L4D3, HL3 and so on in a company that's allowed to work on what it wants within reason aren't beyond the realms of possibility, but not necessarily meaning they're coming soon.
Don't get me wrong, I'd chuck my wallet at Valve if they released either of these. Source 2 has been in development for a while I believe and has been mentioned plenty of times before so we know that's coming. But to power what exactly? Who knows.
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