More than a decade has passed since the release of the award-winning, "Half-Life 2."

Valve Software released the game in 2004. The first-person shooter video game has been one of the highest rated video games of all time. It has also won numerous awards within the gaming community.

Since then, the company has released "Half-Life 2: Episode One" and "Half-Life 2: Episode Two." 

There have been no new releases in the franchise since 2007. Valve has also remained tight-lipped about the future of the award-winning video game series.

To say that fans are eagerly awaiting the release of "Half-Life 3" would be an understatement. The game has one of the biggest fan followings and continues to be one of the most anticipated video games despite the lack of an official announcement from the developers at Valve.

It seems that the release of "Half-Life 3" in the near future remains to be unlikely due to several factors.

Valve has already amassed even greater success with Steam and other third-party games. The company makes a lot of money from Steam and in-game transactions from games such as "Dota 2." It may make more financial sense for Valve to devote their resources in these games.

Recent years have also seen the success of games that have integrated a social gaming experience. Valve may see more potential in multiplayer games such as "Dota 2" and "Counterstrike." Valve could have decided to move away from single player games such as "Half-Life 3."

While the release of "Half-Life 3" remains to be uncertain, it is still possible for Valve to change their minds. According to Gabe Newell, co-founder of Valve, "the reason we'd go back and do like a super classic kind of product is if a whole bunch of peope just internally at Valve said they wanted to do it and had a reasonable explanation for why [they did]."