The end of console gaming?

My daily Reddit browsing session led me to this article stating the end of game consoles like Wii, Xbox and PS3 is near.

It gets my back up when I hear people raving about the idea to do everything online and remote. It makes me wonder if any of these people actually ever tried any online gaming. As a wowcrack (world of warcraft) addict I only depend for a small part of the game content on the web and still I hear a lot of complaining and nagging about latency, slowness in loading of other characters in the realm, uptime of the servers, instance servers being full and queues of people using servers. And this for a game that has the main stress of processing still on your own pc. This is not the only example even players on the current consoles like xbox and PS3 are complaining about latency in online multi-player games. Imagine depending on one of these shared servers to remotely power your game, it will give you the advantage of not needing a state of the art pc but you will need one hell of a broadband line. "We were a little suspicious of OnLive's capability to deliver perceptually lag-free on-demand games. But then we played a hasty online game of Crysis Wars on the service and became a little less suspicious. It seemed to work." was a remark of one of the critics, my suggestion is try that again at home with a few more million users using the servers. When playing beta's of mmorpg's I've never had the smallest bit of lag ... but do the same things you did in the beta's on the first release day of the same game and chances are real that you end up smashing your keyboard on the desk in frustration because what you see and what you do is more out of sync than a pair of chimps trying out for synchronous swimming.

Call me a non-believer ...