So you want to take your TV outside to play games on it? Or did Sony announce an android app for their smartphones? Which would be even worse than playing games on your Vita...

No, you can play on someone else's (supported) TV. Or you can travel with the PS TV (cheaper than Vita) and play it on a big TV (instead of Vita's small screen)

Or you can sell your PS3 and play on PS4

Not to mention the possibility of tablets

I would have a hard time finding a friend with a Bravia TV that also has to be supported. And have to take my gamepad with me. Or take my PS TV with me. And of course I should have big hopes that my friend has some good internet access and that his sister/mother/father doesn't heavily use the access while I try to play. Tablets = phones -> It most probably has to be from Sony.

taking your gamepad and PS TV is an issue?.. they're both small. It's no different from carrying a Vita

I should add that my interest in this rumor would be the fact that i have ps4 and will have PS TV connected to the same display, while PS3 is on a different one (and i can't use it on the former). So essentially it'd be a nice way to play for free the digital ps3 games that I have on my better screen. If it's not true then i'd use it in a similar fashion, but for ps3 games i don't have or don't want to buy. Paid, of course.

I also don't understand the 720p comment, considering ps3 games are 720p.

This is totally your use-case but ok, if you are fine with it.

To 720p  - Not all games of course but if this feature carries over to PS4 you will have 1080p-games gimped down to 720p - with, again, compression artifacts. There will definitely be a degradation of picture quality. Given how much talk about resolution and framerate there is currently going on I am surprised people get excited about PSNow.

You mean PS4 games on PS Now? I don't think that's gonna happen..at least not this generation. The servers are literally ps3 farms. PS3s don't run PS4 games.

The only way you'll gimp 1080p games down to 720p is if you're streaming PS4 games through PS TV. Which isn't ideal but is also entirely free for anyone who wants to do it.

You're trying to hard to make a good service look like a pice of shit service. 

Why is 720P an issue for PS3 games? Majority of them is running in sub 720P anyway...

It's SONY's service that will be avilable on SONY devices... Since the service will be avilable on PS3, PS4, PSV, PSTV, Bravia TV, Xperia Tablets it will be widely accessible.

And honestly the internet point you're tyring to make is silly... What is this 1994? We are all using 56k modems to connect to web? If you haven't noticed by now the majority of content that we consume is streamed nowadays. Why? Because it's convenient.

Even if you have a PS3, this service makes sense. Instead of downloading 5-10GB of data you can jump into game right away... Not to mention ability to access PS3's library from Vita.

PSNow only for PS3 games? That would surprise me. Wasn't it said that PSNow was also to be used that you can play the game while it downloads? I am pretty sure it did.

Btw, nice German article about PSNow, google translated:

http://www.google.com/translate?hl=en&ie=UTF8&sl=de&tl=en&u=http%3A%2F%2Fwww.golem.de%2Fprint.php%3Fa%3D107334

Yes, PS Now is for PS3 games. The service in its current form, not the technology behind it. Which means someday it might be more than that, but for now it's not.

Sounds cool. With a game I've bought on PS3's PSN, I can take my PS TV anywhere and use PSNow to stream the game to that device.

I know Sony needs to make money out of this service, but if only it could let you play the digital games you own for free cross-platform...

I don't know if a subscription based model is possible for them, or if it could harm them on the long run, but they need to consider it.