Ignoring that I completely disagree with this idea, I do have one major question.
How do you enforce a payment plan of $100 a year? The only way I can think of is DRM that if payments stop so then you have an expensive brick. I could definitely see people "jail break" their console then to play games on a fancy system that cost them $100.
Have repo men come and collect your console or face fines without payment? How much does that cost Nintendo? Seems like easy way to have a lot of bad debt.
The only way I could see a high end system working is if it is heavily subsidized by a service similar to many smart phone plans. You pay $100 for the console and $20 a month for online gaming and all. The issue with this is while a phone is next to useless without a network, a console can still be fine without it which takes us back to DRM issue above.
