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One thing that I still think on is... Gaikai and Onlive work on PC cloud clusters, using virtualization to be hardware agnostic. Can they develop an affordable PS3 emulation to provide the games over the Internet? AFAIK both services provide PC games, not console games. Are they going to use another virtualization level? Is it going to be technically feasible without huge compute power consumption?

I'm not so sure that this Gaikai purchase is for playstation, I think it has more to do with Bravia and Sony smartphones and tablets.