We are not that far away. There already tons of companies that use thin clients for their workstations. Basically a small box with a couple of ports for your keyboard, mouse and monitor. All it does is connect you to the server where you do all your work. As technology progresses one server will be able to support more and more users. Saves the companies tons of money.
We are not that far away. Once bandwidth improves I'm sure you'll find services that will allow you to connect to large server farms. You'll probably just need to pay a monthly fee. Higher price for better processing and graphic power. They just have to make it cheaper than buying a high priced gaming rig every couple of years. I can see it easily having the potential to be much stronger than anything you could build at home and much cheaper.
Tons of IT jobs have already been shipped overseas where they can pay an network engineer $3,000 a year (india, Phillipines, etc..) for the same work someone making $70K in the US. Cost to store the servers (land, taxes, buildings) is also much lower. Everything is heading that way especially with virtualized servers that can be managed any where in the world. It's a no brainer for companies to ship their IT department overseas.
Completely side tracked but, this is another reason why I doubt the US economy will ever recover to where it was in the past. It won't just be IT. Accounting, finance, etc.. can all be done overseas much cheaper. The population in these countries also blows away the US when it comes to schooling. Larger, smarter work force for a fraction of the cost.
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