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Or you can just stay in one place and play there.
Google OnLive. They are attempting to stream 1080p across the frickin internet for use with rendering farms (emphasis on trying).
They claim no extra input lag, but I doubt it.
they claim 720p resolution which requires a 5Mbps connection.
the latency is theoretically fine for casual gamers. your "hardcore" gamers will probably notice the latency but the onlive service isn't really targeting them.
a while ago i used remote desktop to access my home pc to play WoW at work. the latency/frame rate was bad but i was just running around the cities and traveling, not doing any combat.