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Kristof81 said:

 Good luck with running modern games from the SD card. 

The fastest consumer SD cards widely available have read speeds of 300 MBPS. That is double a decent 7200 RPM HDD and roughly comparable to older SATA SSD's. Plenty fine for gaming. Especially since texture quality is going to be low-medium on this due to other bottlenecks.

I don't see why this would be a huge problem. You could also get top-HDD level SD cards with read speeds of about 100-170 MBPS. After a quick search I found a 512 Gb with 170 MBps read speeds for $164.99 or a 512 Gb with 100 MBps read speeds for $69.99.

That is currently. This isn't releasing until December, and probably will be on the market for many years to come. Storage prices are still falling over time. 

Besides with a dock, I am guessing you can attach external SSDs. Switch out games you are playing portably which have longer load times to the internal memory, and games with shorter load times to the SD. 

And then there is the matter of repacks of cracked games, which probably will inevitably happen.