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until people learn the hard way that local processing and autonomy is superior to a centralized experience over which you have no control
I don't know man. People said the same thing about DVDs vs Netflix. We all know who won that battle. I legit think there is a world where there start being "gamephiles" who are considered the extreme nerds who choose to spend tons of money on local hardware to get the best experience. Just like audiophiles, cinephiles, etc today.
A low-cost experience that is convenient and "good enough" always wins. Game streaming is in that category. Yeah we on Agora might not be the target demographic but best believe that this is the future.
Microsoft isn't buying up all these companies for fun. They are doing it to make their game streaming service the best. They lost the console wars but have a huge lead on the game streaming wars.