The exact quote:
It is important to us, and we’ve tried to be really clear, we are not doing the yearly cadence. We’re not going to do a bump every year. There’s no reason to do that. And, honestly, from our perspective, that’s kind of not really fair to your customers to come out with something so soon that’s only incrementally better. So we really do want to wait for a generational leap in compute without sacrificing battery life before we ship the real second generation of Steam Deck. But it is something that we’re excited about and we’re working on.
The one “generational leap” I want, and have wanted for decades, is the ability to upgrade hardware, like modular laptops can. It’s great that they aren’t doing little incremental upgrades, but between generations, games come out that would work but need a little more RAM or something, and instead of having to wait another 2 years and spending $1000 on a new console when it comes out, you could just shove more RAM in it in the meantime.