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The Xbox that never was: Our first detailed look at the 'Keystone' cloud streaming console design
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Honestly, if this was provided free with a Game Pass subscription like a cable box is for a cable TV subscription, I could see this being massively popular. I think the primary reason this was dropped is because many US ISPs just suck balls, either with bad speeds or bad reliability, or both (despite them saying it was cost, I find it unlikely a device entirely for streaming only couldn't have been priced under $99).