If it ever was close to being released (highly doubtful no matter what VNN and guys like him kept saying), I think the insane tariff and foreign trade policy is gonna keep Valve from going in on manufacturing a new product for a long time yet.
I would be pleased with Valve focusing on the og steam deck for 7 years like a console, continuing to optimize the software and providing a simple to follow baseline for developers to work on.
Facebook buying oculus truly killed any interest i had in VR :(