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Valve working on Source 2?

Valve has been using their own Source engines since 2004 with Counter-Strike: Source and Half-Life 2, meaning that the engine is 8 years old by now.  Regardless of how “dated” it may be, it is a reliable engine that has seen the release of Half Life 2, Left4Dead and it’s sequel, Portal and ITS sequel, and Team Fortress 2.

Rumors have now risen that Valve is working on Source 2 as this line of code was found in Source Filmmaker:

”’Return an str with the current engine version.
If key doesn’t doesn’t exist, assume ‘Source’, otherwise invalid — assume next-gen ‘Source 2′.”’

A next-gen Source 2 engine? Very plausible as last year Valve added this line to their description of the engine on their site: “And it’s about to get even better”.

Some logos that supposedly will be belong to Source 2 tools have also been found among the code in Source Filmmaker.

 

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As Source 1 powered Valve’s previous games on Xbox 360 and PS3, is this engine better suited for the next generation of consoles? Plausible.  Valve has yet to comment on the matter.  We’ll see when they do.