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It's more like PlayStation Yesteryear, no ps4 streaming right?

I guess it's a nice addition for ps vita, and to play ps3 games on ps4. But what do you need for it as a standalone service on a tv? You'll need some kind of box that links to a controller.

Not for me anyway, I can't stand compression artifacts nor lag and my isp likes to charge $2 per GB over 80 GB per month. I'll continue playing on my ps3 for a while longer.