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Play4Fun said:
Since this works through cloud streaming, I don't see why MS wouldn't do this too.

MS does not have a cloud streaming gamer service so do not expect to see anything like Gaikai from MS anytime soon or at all.  

On another note, I am interested to see coverage and what types of games will be on offer.  Will Sony be able to have the complete library on offer from the PS3 or just a few.  Also would be interesting if you just pay a set fee and have instance access to all of the games which would be a killer feature if the experience is solid.