Yeah, I guess this means that for whatever reason, I could play Playstation games on my iMac while my PS4 sits in the other room.
It actually works fairly well if you've got everything wired. I just tried playing Planetside2 for a couple of hours at 720p, and it worked better than I had expected. I suppose this would be worth getting rid of the wires and hopefully would support headset via the controller, etc.