Some of the comments here - people can't see the future that is about to run them over - sound just like the people that say the combustion engine might work if they could make it stop scaring horses.
While the final rendering of the GPU is important, it has become becoming less important for quality graphics since things started going 3D. So much of what is important - such as lighting, reflections etc. has already been shown to work quite well in the cloud - even at a ridiculously slow 1 second of latency. The final picture is rendered by the GPU - but setting the stage is becoming more dependent on other systems and processes.
When streaming off Flash would sputter and stall, Microsoft released Silverlight - which pretty much everyone uses for streaming (the Xbox, PC, Roku, PS3, Blu-ray Players, etc.) - and we now have a streaming entertainment age.
I understand many people don’t understand, can’t see, or do not believe it, and fortunately, most of them are not at a position to stop it from happening. I am glad a new frontier in gaming is being pushed by Microsoft. It all comes back to my motto:
“Those that say it can not be done, should not interrupt me when I am doing it.” (TM) ZappyKins