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Source 2 is here and it is also free. Valve has just introduced the new game engine at GDC 2015 and it will replace the original Source engine which was introduced in June 2004.

Valve says Source 2 is free and should help developers increase their productivity. A special version of Source 2 is also launching and will be compatible with a 3D graphics API called Vulcan.
 
halflife2.0.jpg
 
 

Valve provided no info on when Source 2 will be available or whether it has any projects using the engine in the works.

 

Source:
http://www.polygon.com/2015/3/3/8145273/valve-source-2-announcement-free-developers

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Half Life 3 is god damn confirmed, the hype is real

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Confirmed where? There is no goddamn hype. 

Half Life 3 has been confirmed so many times it's been canceled!

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GDC has 3 letters, Half-Life 3 confirmed!

 

Now I would like to try it, even if just fool around with it.

The stars died for you to be here today.

A locked bathroom in the right place can make all the difference in the world.

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New CS sometime soon? If they were to make one I'd think they'd wait until the release of Source 2.

Someone told Luke and Linus at CES 2017 to "Unban the legend known as Jerakl" and that's about all I've got going for me. (It didn't work)

 

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@MyInnerFred

Confirmed where? There is no goddamn hype. 

I just saw two half life 3 posts at once, it's happening. I am denying to face reality, Lord Gaben will deliver...Because he is... well, Lord Gaben

 

Don't ruin my hopes and dreams. :(

CPU: i5-4690k GPU: 280x Toxic PSU: Coolermaster V750 Motherboard: Z97X-SOC RAM: Ripjaws 1x8 1600mhz Case: Corsair 750D HDD: WD Blue 1TB

How to Build A PC|Windows 10 Review Follow the CoC and don't be a scrub~soaringchicken

 

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Ok on topic here, I'm curious to when they'll release the new engine. They don't seem to have release date, I'm getting a itching feeling it'll be delayed once they do have a release date. 
 

Half Life 3 will only come out once Source 3 is out  <_<

Yup sounds about right!
 
The next game they release will most likely be Boundary
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