OnLive gaming service - coming soon

I've got Verizon Fios, and they're suppossed to be pretty fast. I used to have up to 15 Mb/s with them.

It looks like an interesting service. But I have my reservations about it myself and some doubts.
1. The only kind of play is online. So whenever you're internet service provider hic-ups or downright fails...there goes the game play.
2. Today's games are all about high-def (except the Wii) 720p-1080p video performance. That'll take quite a bit of bandwidth (a fast internet connection required).
3. You will no long own your games. You'll pay instead for a game "file" which is stored on their servers. So forget about trading or selling it in once you've completed the game. No taking over to a friend's house. And no borrowing.
4. Side effects on the industry. Game developers no longer have to make discs. It's going to put somebody out of a job. Stores like EB Games and Gamestop? No need for them, more people out of work.
5. No side perks of owning a console. I mean, I own a PS3. I use it for more than games. It's a computer, basically. It has a huge hard drive (well, I upgraded it) which I stores music, videos/movies, pictures, and games on. Yes, I do play games on it. It's also a blu-ray player. Sony has a video on demand like service you can "rent" movies from in both hi-def and standard. And I also use it to browse the web.

So...maybe it could replace the Wii. A console with games that while fun, are not considered to be "hardcore". The Xbox 360 and PS3 fit more of the high-tech processing power hungry gamers. And I have my doubts OnLive could compete with that.
 
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So...maybe it could replay the Wii.
Not a Wii with Homebrew Channel installed. :D

I'm not terribly fond of the idea behind OnLive, but, then again, I'm resistant to change in most forms. I like buying used games for older consoles (e.g. Gamecube, Playstation 2, Dreamcast, etc.). There are so many games I missed the first time around; I like having the chance to play those games for a fraction of the game's original cost.

I don't re-sell my games, so that's not an issue for me.
 
I like the idea of onlive (Well me having a macbook with a horrible graphics card and all). Something that should be mentioned is some companys might not put their games on here, so when this comes out its not like you should get rid of your xbox or ps3. But i like the idea.
 
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