I kind of understand what people are saying buy "You bought it so you can do whatever with it", but look at it like this.
You pay for a car, but you can't modify it in anyway/paint it without permission from the DVLA (England at least).
You buy a house, but you can't not pay Water/Electric/Gas and still get it. You own the house, but not the stuff that makes it a house, if you know what I mean.
So like the guy said in the quote, you own the physicalness of the console, but not the actual stuff, such as online and content of games etc.