Yeah, but you will get the most basic machine made up of a screen, touchpad, keyboard, basic ARM CPU, wifi and framebuffer. Those will be sold as Windows 365 terminals for a low price. Probably even subsidised and sent free if you subscribe for a year ahead.

I've used what used to be the shadow PC (before OVH got hold of it). That was surprisingly good. Latency often so low I could play FPS, yes not as good as playing local. But still not dying every single round because of it. But it DID need a fair amount of bandwidth to look good (30Mb/s was the point I think quality started to drop).

But in the end I don't want it to succeed, because if it does proper PC hardware will become hobbyist and niche. And we all know hobbyist niche items are expensive!