It beats all of the previous gen hardware and offers the same visual effects of this generation; OpenGL 4.4 and DirectX 11. Read closer to those articles you are calling absurd
I am referring mainly to android consoles, or phones and tables that can use controllers and have video output.
Judging by both your "Vespas" comment and your post below "Even if ported or run in emulation mode" you clearly do not have an idea of how this streaming technology works.
Take a look at the Nvidia GRID cloud gaming beta. It'll be exactly the same (also it is very likely that Nvidia will be providing the GPUs for the servers of this service)
What brings you to this conclusion? I don't agree with the OP that this will make PS4 obsolete (until they support PS4 game streaming), but there is no way that this will make no impact.
Old is a relative term, for example Battlefield 4. Is that OLD? Yet it is a PS3 game. And its not like releasing the Sopranos on Netflix. It is like releasing every series HBO ever made onto Netflix, that doesn't air anymore. If a person never had HBO, maybe they were a Showtime kind of person I don't know, these titles would be brand spanking new.
Good content is good content, regardless of age.
But say for example, Sony makes the streaming available for Android. That means that Android devices, such as OUYA or Shield could stream these AAA quality games, defeating the need to buy a console for AAA quality games
Seeing as how the PS3 games you can stream with this service were made to run on IBM Processors and Nvidia GPUs, I would say the hardware will be provided by them. Nvidia already has GRID, which Gaikai (where the PS Now service is coming from) was already using when Sony bought them out, and both Nvidia and IBM are part of the OpenPower consortium.
There is an extremely low chance of an x86 server, considering how it was too difficult to emulate the PS3 games on the PS4 with its AMD x86 APU. The server GPUs on the other hand, could still be provided by AMD, but Nvidia's GRID has been beta tested for PC game streaming, as well as adopted by some major server players.
I am interested to see who is providing the server hardware for the "Playstation Now" PS3 game streaming service Sony recently announced.
"the Company’s 32 nanometer “Llano” Accelerated Processing Unit"
I suggest you read the whole news post.
"The street has not participated much" and "AMD Ends 2013 UP 61.25%" seem to contradict each other.
Don't expect much initial revenue from China. You think an entire nation of PC gamers are going to suddenly pick up consoles?