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Gilgamesh said:

What about for streaming older games?


Ultra HD Remakes of everything all 10 years :P
Kinda what PC Emulators do - FF12 can look gorgeous on a PC and so do all Wii Games - I love to play Wii Games in 1080p.Xenoblade looks so awesome.

With streaming this wouldn't be a problem cause it will always the max settings of the possible hardware the servers have(hopefully always the newest or at least comparable) or the emulators for older hardware support.

Internet Connections in Middle Europe and Scandinavian Countries are already at 100MB/s Download standard for cheap.
For us Cloud Gaming could already come - I wouldn't need any retail game anymore in my life.
On PC its kinda like this already - You buy the stuff from steam - Sure you have it on your PC after you downloaded it but you don't have the cases and all that stuff.Only difference would be you don't have so much data on your HDD.

But i don't think it will be standard Next Gen
It will be an addition - Maybe more common and the middle to End of the Next Gen.After that i can see streaming devices with GoogleTV and Sony together.
We can count on it when the USA is catching up with Europe in point of Internet connections.They are a far too huge market for EA and so on.