I watched all 6 videos. Very interesting. Did you see that they got support from all major publishers? This alone is a good sign that it will be reality soon, it is no fake.

And some of you might have a wrong picture of it (e.g. Phemox). You will not buy a game for 50 bucks and play it online. It will probably become something like your television flat-rate. You will pay a fee per month and you will play whatever you want.
But in the beginning it might be that you rent a game for a certain time, maybe for a week. But it will be cheap compared to what we spent today, otherwise it will not succeed.