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Imagine MS announces "remote play" for every android-,wp8- and ios-smartphone/-tablet!
I mean, technically that's not that a big challenge. PS4 has dedicated chips for encoding, as I read. The rest if Wifi and a software-solution. That's it! It would easily destroy Nintendo's solution (sadly, and yes, it would have more lag than WiiU but still...) and would also make Sony's idea look worse.