Even with good internet infrastructure that can handle the bandwidth, I'm not really interested in cloud gaming because of the latency.

Though I do think that it's a better way to handle anti-cheat than allowing the companies to install rootkits in your kernel. And you can't really get around the latency issue with online shooters, either you run the game locally and have cases where it looks like you hit on your end but didn't on the server's end, or you have a case where you hit the trigger on your controller when the shot was lined up but don't see the shot go off until it's no longer lined up. Ultimately, I think the latter is a bit better because then you at least see reality on your screen, even if it's more frustrating to interact with. Better than a more interactive reality that is more like a hallucination.