PSN and Xbox's terms are much more aggressive and asinine than Steam's, though.
In the instance of you saying the wrong thing in a group chat or forum, during in-game chat or even a comment in the official blog (i.e. getting a ban from community guidelines):
On Steam, you can have your account banned and still access your games and buy new ones. You only lose access to community features.
On Xbox and PSN, Sony and Microsoft say fuck you and your money and your games because you just lose access to everything.
On the Xbox you can still access your previously downloaded single player games so I guess if you have all your games backed up on an external drive you can still play them forever.
It has passed already.
AB 2426: Consumer protection: false advertising: digital goods. | Digital Democracy
Digital Democracy overview of bill AB 2426: Consumer protection: false advertising: digital goods.
Even banned devices (e.g. tampered with piracy chips, etc.) are allowed to play physical games. Microsoft and Sony can't do shit to you if you only use physical single-player games. They can't remote kill consoles.
The gullibles are the ones believing it's the same thing between paying for owning a disc with the game and paying the same amount for the license to play a game as long as Microsoft and Sony let you.
The difference is actually huge in what concerns your right to play the game.
