This is completely do-able. VMware did it with most operating systems & nobody sued the pants off of them. If you can have virtual machines running on your PC, why not virtual consoles? It's healthy for game developers & exclusives can still get a lion's share of profit from PC users.
The key here is you might have to buy a license for each virtual console. So a virtual PS3 might still cost you $400 which is paid to Sorny. Yes, you would need a blu-ray-rom for your PC. I can wait til the prices come down. Another possibility is that it allows you to use a console on the virtual system provided you own the console already, such as submitting a serial number to a central site for approval.
Secondly, there may be a timed delay on which newly released games can be played on a virtual system. Gears 2 might get released this November, but only be available to play on a virtual system 6 months later, when the prices of the game have fallen in stores, the used market has built up, & general lack of interest.
Lastly, there could be some quirkiness issues on a virtual system. Games may not play 100% as they would on the console. We might as well admit it's a good idea, even if it may not exist.
jknight5422
...i don't know what universe you live in but nothing you said would ever happen or ever have a reason to happen.
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