This sounds like a plan to only have a monitor and mouse/keyboard in the homes of users. Isn't that the concept of the whole "cloud computing"? All the hardware would be based in different locations much like servers are now and you would utilize those same servers for all your needs.
They're trying to return to the old ways of mainframes and stupid consoles for end users. But it will fail miserably especially for gaming because you just can't host playable graphic games remotely plus people spend so much time on them that any hour based pricing will deter anyone but the most ignorant of people. If not at first then after the first bill.
Actually you can. http://www.gamecluster.com/technology.htmI have seen and tried their product.