What about a PCIE SSD, with a decompression block, that can also be directly connected to a GPU in the fashion of an NVLink type device?
The SSD can function as it currently does in a PC, but it can also be directly accessed like the console SSD's without having to shuttle through a bunch of buses.
I think decompression/compress on SSDs may be encumbered by patents. Seagate has Durawrite technology but its from an acquisition of a company that bought out Sandforce the original owner of the tech who used to provide SSD controllers. Outside of Seagate there doesn't seem to be new SSDs with compression tech. All the older SSDs with compression seem to be Sandforce controller based.