I've definitely enjoyed PSNow- particularly in situations where I'm traveling and I don't have access to my console. From what I've seen the user experience really varies pretty wildly, depending on what you're internet service is, where you are located geographically, and whether you are wired or wireless. On a wired connection with highspeed net access, there is definitely lag, but it was never game breaking for me. I've played Red Dead over PSNow, and I didn't have any major issues playing it. The one point I would agree with everyone is that graphically it does kind of suffer. There is no question PSNow is inferior to playing a game direct on disc or local storage, but if that isn't available- PSnow is fine for casual playing. I played The Last of Us over streaming start to finish and had a great time.