Hug your carts and your disc cases and reminisce about the good ol days.
Honestly though I could see a drive for the online pass thing like some already do. But to require an always on, one time use activation code on a console is ludicrous. Though I suppose XBLA and the downloadable full retail games Sony, Microsoft and even now Nintendo offer are harbingers of the future. I don't want any part of a future like that. I foresee the likelihood of not playing used games (without paying some kind of fee for an activation code) far more likely than a requirement for an always on connection. Not even iOS makes you do that.

Doesn't mean I want that to be the future though as it will kill the future generations of collectors for these systems. Makes me kinda sad really for our kids. They won't get to rediscover what they enjoyed as kids the way we can. Of course all of this is still purely speculation still as no official word exists that either the PS4 or the NextBox will have all these "features" that I am aware of.