> For example, the latency of game streaming services is awful if you're used to a local experience, but if you ask a 12 year old that's never experienced low latency, local gaming, they don't even realize it could be different. They'll happily play high latency streamed games.

That's subjective and dependent on the service and the game. I have Stadia, GeForce Now, and local games ( with some overlap). Latency is minimal and barely visible ( invisible for grand strategy games).