Is it possible now? no.
But will it be possible later? definitely.
There are many people out there saying that in time consoles are going to dissapear. Hackers will find way too many loopholes in the newer systems since most systems are becoming more and more like computers for the living room... next thing you know itll just be somethin weird like hey check out my new HP game system, er well livingroom computer system.
Yea its just a matter of a few years n its all gonna bust wide open.. the gaming companies wont be able to hold a monopoly on system hardware anymore. It'll be bye bye systems and hello open market owned by software companies.
if not... its a nice dream