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I doubt it. Game streaming will never take over due to the laws of physics. VR game streaming is a no go no matter how stable the connection. Let them try to make it acceptable through wireless first. Plus display resolutions are still outpacing stable internet speeds.

Upgrade-able consoles, let's extrapolate. Games can have no extra features, no better AI, no more enemies/cars, better physics, or anything gameplay related than what can work on the base model. So basically this is it? The end of innovation? At some point the base model will have to be let go, voila new generation of games.

Besides a new player might step in going back to the subsidized 6 year plan, which will allow them to offer up a console that substantially exceeds the incremental model around launch, matches the 3 year later incremental model and surpasses it again the gen after.