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Yes, I'm looking forward to playing single player games with lag and lots of compression artifacts while paying extra for higher bandwidth caps.
Or I could keep playing sub 720p games with screen tearing on my 2160p set I'll get in a couple of years.

They're certainly doomed if they don't release a new console. After playing a couple multiplats for $7.50 each in actual 1080p on my 3 year old pc it is hard to go back to the old toasters.