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Why pay 400-600$ for a console, when you can instead just buy a 1000$ phone, and unlimited data caps internet service for $$$ and game via the cloud?

I dont know, so far consoles still offer alot of bang for the buck.
Alot of people, are perfectly fine with their phones just working as phones, and would rather have a dedicated device for gameing to do so on.
Consoles will stick around, and arnt going anywhere (I hope).

Plus theres the collectors aspect to it,.... like nothing wrong with haveing a shelf or two, with games on it.
Its just differnt, if its all digital, or not even that (in the cloud, instead).