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Nor for the foreseeable future, it will always be just an alternative option or addition.
The latency issues is simply not there yet. Maybe a decade from now..
Someone gets it.
It was never designed to replace traditional games. It was always meant to be another option. People just get insecure as soon as something new is introduced. Especially the old heads.
In my area there's still large portions with only access to satellite internet, slow speeds for high prices and data caps. And the areas here that can get broadband, comcast is the only provider.
I dont ever see in my lifetime, streaming being the only option.
There will always be a need for disc based consoles.
Otherwise they would cut out a massive portion of population being able to play.