I have seen some thoughts via comments on this news on other platforms and the prevailing kneejerk response to this is somehow that Valve is bad at managing their supply chain as opposed to being one of the last hardware manufacturers to raise prices in the gaming space. The Ally family, while faster, launched at the higher end, Sony raised the cost of the PlayStation, Microsoft with the Xbox, and even Nintendo. All to say, I think this is a bummer but also believe that Valve deserves some credit for having navigated the market as best they could before raise the price.
Whether the hardware is worth the price hike is a different question all together. Even further, the question is what this may mean for the other hardware products that they have still in the pipeline.