You wish. Games will just be published cloud-only and you can only play them via thin clients.
The economics of it also have issues, as now you have to run a bunch more datacenters full of GPUs, and with an inconsistent usage curve leaving a bunch of them being left idle at any given time. You'd have to charge a subscription to justify that, which the market would not accept.
Not that its good or bad tho but we could probably have something more akin to spot instances of gpu being given for gaming purposes.
I do see a lot of company are having GPU access costs per second/instant shutdown/restart I suppose but overall I agree
My brother recently came for the holidays and I played ps5 for the first time on his mac connected to his room 70-100 kms away and honestly, the biggest factor of latency was how far the wifi connection (which was his phone's carrier) and overall, it was a good enough experience but I only played mortal kombat for a few minutes :)
and I meant that I think that the ps5 can run far away and you can still connect to it from your laptop and even connect a controller to your laptop (as my brother did) to play with a controller which runs on a mac and then it uses the ps5 itself
All in all, I found it really cool for what its worth.