Are Valve and AMD about to ruin PC gaming?

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The Tech Report published a review on the Are Valve and AMD about to ruin PC gaming? A quote from the article:
Valve's SteamOS and AMD's Mantle API have the potential to do great things for PC gaming. However, they also threaten to fragment the platform at a critical time, when next-gen consoles are about to reduce the PC's performance and image quality lead by a long shot.
 Are Valve and AMD about to ruin PC gaming? @ The Tech Report