He has a few good points though. The million dollar question about the Phantom project is, will people go for this games-on-demand thing, or reject it. If they try to go head to head with Sony, MS and N, they're DOA. They'll be doing about as good as the Ngage is doing right now. If they try to deliver something different, to cater to a market that has been ignored by the other three competitors, then they might have something. Games-on-demand has the potential to work. I'm curious to see how things will turn out.
Personally, being such a big fan of 'traditional' consoles, I don't see myself getting one of these. I'm not a big fan of PC games in general, and I'm also not crazy about 'downloading' games that I purchase. I'd rather have the disc, the box art, the manual etc... But thats just me. Maybe most people will only care about the game itself.
One thing though. Games would be stored on the machine's hard drive. What if the drive is full? Or what if the game gets erased by mistake? Will Infinium labs keep a database of purchases by customers? I think that's pretty likely. So many questions left to answer... It has potential though.