I'm not sure if I'm qualified to compare as I haven't used PSNow (unavailable in my region), but if I recall correctly it's still limited to 720p 30fps and probably has more input lag
Remote play right now is excellent, after the last FW updates. Aside from running at 60fps, lag is not noticeable in most cases. A lot of games feel like they're actually being played natively on the Vita, instead of streamed. You gotta try it out for yourself to believe it.
The fact that it's a slightly lower res (960x544 instead of 720p) helps but that's not a big difference, and PSnow servers have (should?) better capabilities than your home connection. But then there's ping/distance..
It'd be nice if they are able to do it.
It'd be even nicer to get local PS2 emulation but that's another matter.









