So how would you guys fix Playstation Now? I absolutely see games as a service as the future of gaming, but certainly not how PS Now is going about it.
I think the rental service should be applied only to PS4 games. $8/1 day, $30/1 week, $40/1 month. The 1 day option for party/multiplayer games you want for just one night with friends. Most single player campaigns can be beat within a week so offering it at half price I think is fair. The one month option for RPG length games. I think the pricing in this structure would still encourage buying a game outright to not cannibalize sales of new games while still offering a fair option to those who don't mind renting for a cheaper price.
Legacy games, as PS Now is currently, should just fall under a $10/month subscription service. They're old titles that aren't being bought anymore so the main cost they have to cover is server maintenance. A rental service just doesn't work here and won't be widely adopted as it is in the open beta.