I am not making any excuses why PS Now will never take off. There's a very real serious downside to PS Now yet your refusal to acknowledge this just comes off as bitterness to the fact that your favourite platform holder will likely never be at the level of their main competitor nor will their competitor degrade themselves to that level either ...
PS games STILL REQUIRE a PS platform and that's exactly what PS Now is which is a cloud gaming platform ... (whether the individual or the service provider owns the hardware makes no difference in this instance)
The comparison to Netflix isn't apt either since they do not offer interactive entertainment. Games STILL NEED to run on hardware yet you can't grasp this so out of desperation you compare the medium to pure video content which only needs data to function but this is not true for games. You need hardware but you're just renting it you opt in for cloud gaming ... (cloud gaming is only as viable as the service providers infrastructure)
Console gaming is going nowhere in the near future and dedicated hardware still has a purpose in establishing a permanent customer base but PS Now numbers are nowhere near as optimistic as you suggest it'll be. PS Now made a total of $143M during Q3 of 2018 and each subscriber spent $25 per month which translates to just under 2M active subscribers per year on average. Selling >2M subscribers does not even hold a candle to selling 10M+ hardware units per year ... (bigger audience indeed the better for higher software revenue but this doesn't make competition among platform holders more equal since PS Now is already the most dominant cloud gaming service so their competitor still has to offer more compelling content)
I am going to make this very brief with you. You don't need Sony hardware to play Sony games thanks to Sony's services in PSNow which enables those who don't own a PS4 to stream its games. No one is cherry picking anything. The point remains the same. PSNow is not hardware. But if you want to make it clear that Sony own's PSNow than bravo, that's nice, thanks for reminding all of us all since I didn't know that PSNow stand for PlayStation Now. (Sarcasm)
If there is no future for Streaming (PSNow) Sony wont be investing millions and expanding the services. With the addition to remote play on iOS devices this opens up the doors for bigger and better things, weather you like it or not.
Lets not compare an industry that's booming in the console market to a service that's just getting started. Of course there's a lot of console owners and subscribers, in due time Streaming will have its fair share of the market once it evolves. PSNow is going to get a lot bigger.