Valve's long-rumored Steam Frame VR headset is real, with a Snapdragon ARM processor, pancake lenses, 4K visuals and up to a 120Hz refresh rate. Here's what you need to know.

In case you missed it, Valve announced a load of new hardware this week, including a second stab at the Steam Machine, a Steam controller, and a long-rumored new VR headset called the Steam Frame. But in with the new often means out with the old,