It's not the subscription fees that get me. When you get a cell phone and the bill comes in, that "bill" is/are subscription fees.
It's that I like my superior game consoles, and all that they do for me. The PS3 is like a mini-computer tower. The 360 is a social networking beast (twitter, facebook, etc.).
I doubt it's the death of traditional console gaming but it will certainally be an alternative option for those new to gaming. I wont be purchasing a subscription to this because i'd rather play on my ps3 and im sure thats the same for the people that own xbox's aswell. Like many of you are also saying i'd still rather physically own the object I purchased to it's just boring and pointless buying it over the internet.
At the starting it will suck, they will think their server can handle all this,. it will lag and such, people will be pissed, and maybe later it will work but for now the console I think wil lstay on the top.