People wont buy games for it, they will rent them.
Sony will stop releasing consoles, and pull a Sega.
People will complain a lot about the whole thing.
I will look on with bemusement.
Like this one perhaps?
http://www.onlive.com 
Cool thing, but yet an extremely limited market compared to traditional consoles. No, I agree with that Sony executive who claimed that games on physical storage media will stay for at least one more decade...
