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I am going to just say what I want from online services in general and not PS Plus in particular.  PS Plus, as it is right now, seems like something of a random list of services designed to get people away from Gamestop and onto Sony's store.  But what I am looking for from Sony or Nintendo is a comprehensive online system that caters to my needs as a gamer.  (I'm less interested in Microsoft or Google, because they don't have the huge back library of games that Sony and Nintendo have.)  Anyway this is what I'm interested in from an online service, and I'll leave pricing out of it on this post, because there is more than one way to do it.

1) Quality online multiplayer and unlimited cloud saves.  (Most people have said this so far.)

2) Permanent digital purchases - Every game I've bought digitally should be available to me on every Sony platform going forward.  This means every digital PS3 and PS4 game I've bought digitally should be available to me on the PS5 for free.  I don't want to have to pay a transfer charge or anything.  Let me know my digital games are mine forever with no strings attached.  I want to know that if I buy a PS12, 40 years from now, that my PS3 purchases will still be there.

3) Unlimited storage - If I uninstall a game, I want to be able to download it later again with no strings attached.  I'm ok with online verification when I delete a game for anti-piracy measures.  This means I can build an unlimited online library, again with no extra charges or any other snags.  

4) Both versions - If I buy a brand new physical copy, then I want a digital version of the game for free.

5) One hour streaming - Let me stream the first hour of any PS1, PS2 or PS3 game for free.  This is basically a demo of any old game in Sony's catalog.  I'm sure I would buy a lot more games if I got to try out the first hour for free.

Basically the thing I want most though is a sense of permanence for my digital purchases.  Nintendo really ticked me off by getting rid of their Virtual Console, to the point that I don't want to buy anything digital anymore.  The first company that creates a really consumer friendly online experience stands to gain a lot.  Right now, though, I don't see any company putting out anything that I'm really interested in.  I'd love to be able to keep my digital purchases forever without being jerked around.