The day this is the only way to play video games, that day I will spend my money on another hobby.

No because:

But input lag & ping isnt related to internet speeds (how fast you download or upload).
Its bound by laws of physics.... signals take take certain amount of time to travel x distance, and when its streamed and has to go both ways it just takes twice as long.
Which means the experiance is never as good as owning the physical hardware, and haveing it done locally.

Maybe the concept Microsoft has with the hardware doing half the work, is able to close that margin enough where it doesnt matter though.
That and haveing tons and tons of server farms everywhere, so no matter where in the world you are, your right next to one, you can log onto.

I can see it takeing off amoung casuals but it ll never be the best experiance (imo).
Then again, maybe that isnt needed, for it to be successfull.

this is what input lag looks like (the downside to streaming games):
(you press a button on your controller, and it takes sometime before anything happends on the screen)
https://www.youtube.com/watch?v=RPG5PTT2ztw

https://www.youtube.com/watch?v=QLev6j6M5us

"the latency is slightly noticeable, its not like your gonna smack your mouse and wait 3secounds before it responces, but its probably about half a secound at worst"

^ quote from video.

Also theres image quality loss, like watching a youtube video of a game, instead of actually haveing it on your tv.
Owning your own console that plays the game, is a vastly better experiance for games than streaming them.

Would be a nice feature to access some simple turn based games on the go if needed actually. Still can't see this becoming a future of gaming because playing action games would be a nightmare using this technology.

I can't see any input lag in first youtube video, look between 0:07-0:13 seconds when he shoots, there's no latency. Note that the command won't trigger intill he reaches the bottom of the button.

About the second video, I got no clue how he got half a second delay. I can say with almost 100% certainly I never had over 200ms (0.2seconds) on my commands. But I was playing single-player games and he multiplayer.

Here's a random dude on reddit said about ping when playing sc2 "Ping-wise, everything was good. It hovered around 20MS (Eu to EU), nothing to complain: every clics were registered (not that I'm a micro God anyway!)"

You really don't own anything
remember gamers physical is always better
your account or the servers of this services can go bye bye one day

I understand the tech you are talking about this is different.  This is not hardware based but software.  It's basically doing prediction of how the user will do the next move and sending multiple combinations.  Success would give instant feedback while failure would result in call back to the server.  Actually, you could couple this tech with hardware to really reduce the feeling of lag.  The downside to this tech is the amount of information needed to be sent between client and server.  It would be best if the hardware device had dedicated hardware for compression and decompression video to increase performance.

I believe it is a matter of stream technology improvement and infrastructure availability such as server location. Gaming via stream still has a long way to go in order to mature, but I believe it will become something very banal/common in 10-20 years, just like music/movie stream has become common today.

why though? most people that were not keen on the cloud want physical copies of their games. Going all service based is you loosing what you own.

Also the power of the cloud was stupid because lets say I bought a game and it relied on the cloud to made the game function, what would happen to my game once the cloud service is turned of for that console? Would it even load or the hardware bet to poor to run it on it's own lol? That was the issue with that scenario.

No, not really. At the time, Microsoft's claim was that the "Power of the Cloud" was going to improve the Xbox One's graphics performance by offloading graphics processing to the cloud to augment the Xbox's GPU, in real time.  That claim was and still is total and complete bulls#!t - a smoke and mirrors marketing ploy to try to convince the buying public that the Xbox really wasn't weaker, graphics horsepower wise, to the PS4.

What they are pitching now is similar to PSNow and Google's ProjectStream; a game streaming service that does all the processing in the cloud and just displays the pre-rendered graphics to your screen.

In the cities this is likely. Outside of them is another story. I live 15 minutes from a town of 25,000 who've had cable internet that has constantly been upgraded over the years, and around 4 years ago we just got the ability to sign up for 5.0 mbps DSL. That lasted about 6 months before the speed started dropping as more and more signed on. After a couple years we were only getting around 2 mbps on average, 1 mbps during peak. It took almost 2 years to get the problem 'solved'. The only reason it 'got solved' recently, was because another smaller ISP ran fiber through the general area, and stole enough customers to allow the remaining customers who couldn't get fiber, to be able to get their full 5 mbps speed at all times. Ping went from 250ms-500ms, down to 15ms-75ms as well. The local technician, who likes to game, and doesn't even live that far away, relies on satellite because he can only get dial up still for a hard line.

I also made a point to go to the local meeting for that ISP and ask when and if they had any plans to bring fiber this way, since nobody else is going to, and they told me I'd better just move because everyone outside of dense enough towns is getting left behind. They made sure to point out that wasn't just them talking, that's the industry. Their actually part of a larger group that's planning to use Gov funding to lay fiber over a massive area for 3 million people, and they said not only are the people in charge clueless, but the big telecom companies are making it extra hard and slowing the process as much as possible so they don't have to compete on prices since they will no longer own the lines themselves. Those oh so useful slow DSL or dial up lines...

The cities are probably the larger portion of the existing gaming market, but dedicated hardware is going to have to stay around for a long time or gaming companies are going to lose and upset those less dense, non urban dwelling customers. Plus emerging markets would all be lost since they won't have strong enough internet yet either.