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The Steam Machine is actually a great prospect — we're just looking at it wrong
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A $900 price tag would make it cheaper than a ps5 pro after 2 years due to needing ps+. It's likely very attractive vs a next gen console with tiny library as well.
I don't think people buying consoles are doing that kind of long term thinking
Free multiplayer is a pretty good selling point either way.
PS3 having free multiplayer was why I chose it over the Xbox back in the day. Loved the exclusives and playing online for free. Then subscription happened on the Switch and PS4, so I ended up jailbreaking since there was no more benefit to not jailbreaking as someone who refused to pay for multiplayer.