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If it really delivers i can see it affecting the PS5 and mostly next xbox console. I can see the American market picking this idea up pretty smoothly if it works as well as they said but Sony and mostly Nintendo will still have their IPs and strong fanbase.

I do feel like if this is a success, it might be a little dangerous from Sony and Microsoft to only announce their next console several months later and launch it like a year after.
The whole thing seems really convenient for the grand public, let's just see now how well it works and the pricetag.