The Steam Machine and Steam Frame are probably delayed, but they still intend to release them in the first half of this year.
They said they planned to have a concrete launch window and pricing by now, but hardware pricing/shortages have made that hard to pin down.
There goes my hope that they had some rock solid contracts for many years of ram in place before prices were stupid.
Even if they had, the manufacturers would probably break the contracts, pay fine and still be very much in profit.