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Persistantthug said:

It's a long ways off.

In order to play premium AAA budget games, hardware is required....this will be true for the next 8 - 10 years, minimum.

Now, eventually we won't, but it's a long ways off, I'm afraid

So all those "premium AAA" games I saw releasing nearly the same date as the consoles/PC through Onlive was a figment of my imagination?

Its not a long way off. Its coming 2013 at the latest. (arguably its already here with services like Onlive)