It is gamepass and xcolud in one.
It has the option to stream as well as download (PS4 games only) games to your system.
With nearly 800 games and $15 a month, its a great value. Also the yearly package is only $100 , and that makes it less than $10 a month.
I just dont get why people are writing off PS Now. Probably due to Sony not trying to make a big deal out of streaming, unlike its competitors.
Lets talk about PSNow when Sony makes their new releases on it on day 1.