Not one single word of this post makes any sense.
1. You say games without a dedicated controller won't be feasible. I'd like to present Exhibit A, the App Store that has existed for 2.5 years.
Every game is without a dedicated controller.
2. This is absurd. Apple doesn't expect people to buy iPhones or iPads???

I assure you, they do. What do you think the killer feature AirPlay revolves around? You're not going to be streaming anything from your aluminum remote to the

TV, I can promise you that.
3. No one said anything about Apps in their current form. That's about as logical as saying the iPad would be only iPhone Apps, Double Pixeled. No, of course not, Apps would be purposely written and designed to take advantage of the situation.
(Sigh, can't believe I have to break this down for people)
- Most iPhone/iPad games center around very basic controls that are
not accuracy-based, rather timing-based.. Accelerometer, Gyroscope, Tap anywhere, Double Tap, Swipe Up, Down, Left, Right, etc................
All of these interactions can be done on an iPhone or iPad (DEDICATED CONTROLLER) while the game's imagery and video is pushed out in 720p to your

TV.
This, to me, sounds like it revolves solely around iPhone/iPad development, and won't require Apps to be stored on the

TV. Apps/Games that push their visuals using AirPlay to the

TV, rather than Apps running on the

TV with the iPhone/iPad a wifi/bluetooth remote.