Whether you expected it or not, Valve is still in the VR business - but no longer strictly with HTC. LG want a piece of the action, and Valve are ready to deliver.
Suddenly announced and revealed to be making its big debut at GDC this week, LG sent out word that their new VR HMD would be shown off within Valve's booth at the big show this week.
Little is known about the product just yet, but Valve have already commented on the matter saying: "The LG HMD prototype is designed to deliver a high fidelity, next generation VR experience," with pricing to be given at "a later date"
Of course, this isn't Valve's first venture into the world of VR; but it one of LG's first attempts outside of their attempts to create wearable screens in the past. The news here is that Valve's initial decision to help HTC create and market the current reigning champ of SteamVR - the HTC Vive - certainly wasn't an exclusive venture with the company now helping to show of LG's 'next generation VR experience' on their own showfloor.
Presumably because of the use of Valve's own Steam Tracking developments, the group is largely on-board with LG becoming the next to rival both Oculus and HTC in the growing VR marketplace. We don't yet know how much we'll learn of the product over the GDC week - or when we can expect the final model - but the group is aiming to settle on a final design with the help of the show's attendees.