Or you could move the console and plug it in locally. Its an interesting idea but I dont see many buying it.
Did you actually read the info? Your missing the point of about 70% of its functionality - playing games when on the move etc.. or when someone else is using the TV etc.. Id be tempted with one of these if they work effectively. Theres many a time the missus is watching TV when I want to be play my 360 - plus I could use it on my laptop and still be sat in the same room as her. I also like the idea of playing remotely - a bit of CoD at lunch time sounds good to me!
Theres also scope for console and games sharing- you buy a PS3 your mate buys a 360 and you could use each others consoles and stuff.