The latency issues have not been resolved (in fact the whole 'negative' latency fiasco just suggests that they may never be, if they need to wheel out bullshit like that). Ownership hasn't been solved.There is a mountain of resistance to it, but the cloud is the future and while the monolith of the desktop pc will probably be culturally relevant for several decades after today, the utility and viability of having 1 has less than a decade left.
Which is all useless unless you have a good or better internet connection. And good not just in terms of enough bandwidth, but also latency (for most games).A PS4 and a gaming PC fail pretty spectacularly to do one thing: be a portable computer. GeForce Now is superior to the vast majority of laptops today yet will still run on one of them. That's how I use it and IMO it's a slam dunk for that common use case as more laptops are sold today than desktops.