I really like this theory. Seems to me that if Friday's announcement isn't a game reveal, it'll instead be Source Engine 2 and a possible Unity competitor. This would make a lot of sense if Valve is serious about getting developers on board for their SteamMachine/Linux/cross-platform strategy.
Valve has already announced the OS and hardware, dev tools could be next.
And they have software named Steam and a game named Half-Life.
The top Google hits for all of those things (depending on how Google rates what kind of consumer you are) are not Valve's products. They seem to do fine, though.