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"according to David Perry, head of cloud gaming company Gaikai"

And there you have it.  He has a vested interest in this happening, so he's particularly biased.

As others have stated, no.  Just, no.  The TV industry is struggling a bit, as there are too many products and too few purchasing consumers.  People don't WANT to replace their TV's unless there is a very good reason.  This won't be near good enough because people already have cable/satellite boxes and now game consoles that already do these things.  No.