Massive voxel octrees...that's what I'm hoping for,

Basically next-gen should give us a similar experience to what we had with the Nintendo 64... Super fast, low latency ROM loads directly into Ram in almost real time.
It means developers can be more efficient with Ram usage as they have much more bandwidth to stream textures and meshes to DRAM in real time.

Let me be clear though, NAND is not a replacement for lots of fast Ram, but it does mean Microsoft and Sony can cut back and save money on Ram... And thus shift the burden back onto developers, So the video with the Radeon Graphics SSD is not a good example, that is for professional datasets that exceeds the Ram buffer on GPU's.

The PC however, doesn't need it as much as Consoles as the PC has lots of available Ram with massive System and GPU memory pools.

Patching is here to stay though.

Also one thing to keep in mind is that the Switch uses solid state storage, but still has load times with some games, it's all down to the developer and how they manage memory.

I'm kinda skeptical given a game like Star Citizen still has long loads. PC doesent make load times instant either with high end specs.

There is enough evidence SSD can speed up load times. A faster CPU also increases load speeds. I assume RAM also plays a role. Therefore increased load speeds is coming.

Virtually no load times though? I am doubtful.

Well you only had to load from the disc if we're talking about disc based systems.

While your points are basically true, how many major releases do you recall that were buggy to the point of borderline unplayability back in the old days?  I honestly can't recall that many.  Nowadays it's fairly common.  Developers are definitely using patches as a cop out.

They always overhyped new features.  I seem to recall claims that PS2 graphics would be on the level of Pixar movies.  Still don't think we've reached the level of Toy Story in video games.

Have you seen Toy Story recently? Its not that impressive. The models and textures haven't aged particularly well. CGI movies are created with expensive computers only intended to create polished visuals. Current consoles can also create more impressive games when all they focus on is basically visuals. For example, Detroit is more visually stunning than Toy Story.

I have seen toy story lately.  The textures aren't as good, but the animation is still better.  And the lighting and shadows. But I'm not going to get into a whole thing about it.  Point is that the PS2 wasn't even near that level. 

While there are some who use patching as a cop out it's not all negative, as to buggy games pre patch there were plenty but since the world was less connected you didn't have  the awareness that you have today or the critical audience feedback,I started gaming on a secondhand C64 moved onto Amiga then PC and consoles, so I have been gaming for over 30 years and I recall bugs ranging from nuisance value up to game breaking ever since I started, now whether it is worse or better today, I don't know.

What I do know that the more complex the system the more things can go wrong and with today's games becoming more complex as well as more open and less linear, the chances of bugs have increased, the numbers of bug testers you see in game credits is a testament to that, the response of using day one patches and patching when necessary to fix the problem seems to me to be driven by publishers preferring not to hold back releases when a day one patch will do the job.

You missed the must important video

because Spiderman is a Sony game, so they were able to get the devs to whip up a demo and make sure it's running as intended/doesn't encounter bugs

additionally Insomniac held an hour long presentation at GDC earlier in the year, which mainly focusses on how the HDD speed was a major obstacle they had to work around https://www.youtube.com/watch?v=KDhKyIZd3O8