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Shiken said:

So basically, nothing has changed. They just made it so you have to have PS+ if you want PS Now, and combined the two for their premium tier. All of this was nothing more than a PS Now rebranding with the hopes that brand loyalty and the illusion of it being something new will help push it. Even the pricing is the exact same as PS+ and PSNow together. If this was what people really wanted, they would have already subbed to PSNow to begin with.

This is all it's ever been rumoured to be: a rebranding that combines the features of PS+ and Now into a single 3-tier service.