So I got a chance to try out Steams Streaming feature and was pretty impressed.
The TV in the background is my 42 inch Plasma thats hooked up to my desktop computer which is also hooked up to a 27 inch monitor not pictured above so in short the game is being displayed on 3 screens at once. The computer in the foreground is my 17 inch laptop. My desktop has 2 GTX 770's while my laptop has a 650m. For those who don't speak nerd my desktop computer is a high end BMW while my laptop gaming wise is a decent Honda Accord. Another way to describe the laptop is comfortably more powerful then a PS3/360 but a decent bit weaker than a PS4.
For the most part I've been getting around 60 fps on my laptop however the audio is choppy so I just play the audio directly from desktop and put my laptop on mute (which kind of defeats the purpose of streaming but sometimes I prefer to play on my laptop since its right next to my bed). To control the game I use a controller hooked up to my laptop.
The craziest part though is that my laptop is doing barely any work. Usually when I play games on my laptop installed directly to the hard drive it gets pretty hot. Typically around 80 degrees celsius which is pretty much the safe upper limit for GPU's. When streaming the games I noticed that my laptop was virtually the same temperature as when I'm using it for nothing more than trolling, I mean browsing the internets. Not only that but it was able to use the high end settings that only the desktop was capable of providing.
Here is a super scientific picture to illustrate whats happening.

The two people carrying the sofa are the two graphic cards in my desktop. The person sitting on top of the couch is my laptop's graphics card.
I tried it out last night with Dishonored (pictured above), Mortal Kombat 9, Tomb Raider, Sleeping Dogs, Far Cry 3, and Batman Arkham Orgins. Dishonored and Mortal Kombat did pretty good. Sleeping Dogs was solid until it crashed. Far Cry 3 had trouble getting above 15fps at the title screen, and even though Batman Arkham Orgins was getting 60 fps the picture was very choppy. Still pretty cool stuff for a technology thats in its infancy.