Wrong, if they release weaker hardware than PS5 (like ~Deck hardware on a cheap stationary console) it's probably going to have better price: performance. And there is a plethora of Steam games that would run excellent on it.
You're not even making an argument. You're responding with something that's entirely tangential to my claim.
My claim was that Valve will never loss-lead on hardware, meaning they will never take a $200 per unit loss on a product they sell in order to make the money back through software. They're not a hardware platform company. They're a software platform company. There is no fiscal justification for them loss-leading on hardware because hardware isn't the core of their business.... Steam is, and Steam is not locked down to one specific hardware config like console software eco-systems are.
For MS and Sony, they have no choice to loss-lead on hardware because the hardware is the core of their business. As is currently self-evident from MS's current poor hardware performance, if Sony and MS fail to sell boxes, it massively limits their ability to generate revenue.
All you've said is, "weaker hardware will be cheaper"... Like duh! How does that have anything to do with my original point about loss-leading?