Just in case you missed it, your quote was referring to encoding requirements. Decoding (eg. Netflix users) will have a different set of requirements. The situation will also improve over time as dedicated hardware encoders and decoders become available.

For the moment, I don't really mind if it requires more GPU power to encode media, since it only needs to happen once. I expect it will still be possible on a weaker card, but it would just take longer.