Cloud gaming, in some instance, is most certainly the future. Whether its recognizable as an evolution of what exists today or something more radical, less obviously connected to current cloud gaming options - it will be the way games function eventually.
The benefits far out weigh the cons - especially when weighted against Iwata's complete lack of opinion on the subject and just purely stating that it won't be the future with little to no reasoning behind it.
I'm not a Nintendo hater, by any means. But I'm constantly shocked by how hell bent on damaging themselves they are by just flying by the seats of their pants and ignoring what people are doing elsewhere.
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