Turns out these are kind of available today
https://aws.amazon.com/workspaces/
http://www.nvidia.com/object/cloud-gaming.html
etc.
https://aws.amazon.com/workspaces/
http://www.nvidia.com/object/cloud-gaming.html
etc.
VMs are great, but clientside rending/editing, etc, will probably always be best, where it's only IO for storange/persistence that goes to the cloud.