This always-online thing sounds more like "stay connected when it's powered down" rather than "stay connected to keep playing the game". That may just turn out to be how they're pitching it.
To me, it seems like the DRM is gonna come from installing the game to the hard drive. Really? It can't play straight from the disc? Then what the hell's the point of having them?! How many games do you think people own? Cuz I guarantee you it's more than 10!
If this is how they're executing their DRM, then it's a terrible idea. What are we supposed to do with the discs after we've installed them? Just throw them away? That'd be a serious waste of resources, man-hours, and money, both on your end and ours!
Buying PS4? - maybe
Buying new Xbox? - no
Looks like I may be living in the past for a while. Unless they realize how stupid they're being and make these more consumer-friendly.
EDIT: Well, I do have a WiiU, which hasn't pissed me off much yet. Main gripe right now is a lack of decent titles.
But you know those retro consoles? I want one that will play Gamecube, PS1, PS2, and original Xbox games, since it looks like I'll be keeping my PS3 for a while (no backwards compatibility in PS4) and need to make room.