Details on Half-Life 2 - Orange and Black Editions
A post at Game|Life lays out details on the upcoming Half-Life 2 releases. Instead of an unwieldy name (Half-Life 2 : Episode Two and a bunch of other stuff) they've given the PC and console releases color-coded names. The PC release, containing Episode Two, Portal, and Team Fortress 2 will be available as Half-Life 2: Orange. Half-Life 2: Black will be the 360/PS3 release, and will contain all of the above plus Episode One and the original campaign. Both boxes are expected in 'late summer' of this year.
The article summary (or the blog summary of the article ermmmmmmmm summary) says this about the full pack:
:)
The Orange Box is available for PC, PS3 and Xbox 360 and includes Half-Life 2, Half-Life 2: Episodes One and Two, Portal and Team Fortress. It retails for a modest $59.99.
So, yes you can get the full experience in one hit
However, I don't see a single option for just ep1+2 for people who already have hl2
liqbase