Point 1) This will not eliminate piracy. In fact it may just make it worse. The focus of hackers will just shift to fooling whatever type of authentication is required.
Point 2) This will just force games to be reduced to the lowest common denominator. Want to play at super-high resolution with 8x AA and high texture details? Too bad, that is not supported because the bandwidth requirements cannot be justified by the cost.
Point 3) If consoles are going to die, it is because they will morph into a PC of sorts, with swappable components to allow users to upgrade to the hardware quality that they desire or can afford.
Point 2) This will just force games to be reduced to the lowest common denominator. Want to play at super-high resolution with 8x AA and high texture details? Too bad, that is not supported because the bandwidth requirements cannot be justified by the cost.
Point 3) If consoles are going to die, it is because they will morph into a PC of sorts, with swappable components to allow users to upgrade to the hardware quality that they desire or can afford.