2 days
My understanding is that the reservation queue is a mix of “we have a specific physical unit assigned to your name” and “we have a manufacturing order placed, of which one of the units is assigned to you”. Whereas waitlist is more “we haven’t even placed the order yet to manufacture your unit, so we can’t guarantee it will even get made”.
So the distinction is more about the likelihood of ever getting one.
I completely agree with you. I think the intention behind their system was good, and is better than the alternatives they’ve used for the Steam Deck and Controller, but they really need to clarify and/or relabel both lists.
That being said, my comment was based on what I remember reading during the Steam Machine’s release and I assume it applies to the Frame as well. But I don’t remember at all if it was from an official source or simply what people were theorizing in various threads at the time.