These are just a bunch of high end pcs but instead of having their own hdds for game storage it's all consolidated into one huge nas, which you would just use symlinks or junction points to point his program files/steam folder at.
This is much more interesting, but I don't think we're quite there interms of software, bandwith & latency. There's always Onlive & Gaikai.
+1 this is step backward, I honestly expected the switch to the YouTube player to mean that HD would become a free feature for all to enjoy, not a downgrade in quality potentional members. Video content is what makes Whiskey Media, don't ruin that with videos which are lower resolution than my phone.