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NoFGC events would all go PS4-only without hesitation if the 720 requires an internet connection just to start up. Fighting game tournies are open tournaments that draw hundreds (or thousands in the case of Evo) entrants and tournament matches are played on dozens of consoles at a time. Having to ensure that dozens of consoles have reliable connections to hotel internet? Logistical fucking nightmare.
If both the PS4 and 720 were to have the same persistent internet requirement, the FGC would be forced to go exclusively PC across the board, and games that aren't released on the PC would be excluded.
It is impossible.