Look, I've told everybody here since Sohh.com what it is. You talking about Sony speculation is
It will evolve into a gaming cable network like Sega did with Comcast back in the 90's. Netflix for gaming but more. You are kinda new to this community but the OG' s will all confirm that Courtdogstradamus predicted all this shyt (Tru Story)
No, it's not psnow. It's Gamepass on steroids available on anything capable of streaming. No need for systems because they limit. The cloud is limitless. Finally, your current Xbox one is always online and if you go offline the system still checks to see if your games are yours.
If it can't check, most games will not work, just like originally planned. Who noticed tho? Your understanding of how advanced we are is inaccurate at best. Stay tuned