http://au.gear.ign.com/articles/965/965595p1.htmlPlease not let this be an April Fool's joke.
I just read this and can hardly contain myself

Having been in development for seven years, OnLive is a gaming distribution service. However, the "revolutionary" think about it is: You don't need any high-end hardware to play the games.
"In its simplest description, your controller inputs are uploaded via internet, a high-end server takes your inputs and plays the game (does your commands for you), and then a video stream of the output is sent back to your computer. Think of it as something like Youtube or Hulu for games. "
So the way I see it is: You're playing your console but your console is connected to another screen. The image on the other screen (one you can't see) get's sent back to you on your screen.
You can use OnLive on your TV or Computer. And because it's not RUNNING on YOUR computer, you don't need any high-end hardware for it. (However, 5mpb/s internet is required for 720p definition gaming. 1.5mbp/s is required for 480p or something).
Sounds too good to be true =|