Well, with low-end gpus (like the integrated APU in the Steam Deck) there is still competition. The main reason high-end gpus are so expensive is that there are no alternatives to Nvidia, so they can ask for any price they want

They can’t not honour the contract, can they?

Wouldn’t be the first time something like that happens:

https://youtu.be/WXV4VDvseIE

Better deal after 5 years, if they still exist and honor the lifetime subscription by the time 5 years have passed

There was also a big outage on 2014 when Sony got DDOSed by Lizardsquad. So maybe you are remembering that one and don’t need to feel quite so old

It has happened more often than that. The one in 2011 was the biggest outage, but PSN also got DDOSed by lizard squad a couple years after the 2011 outage