Long story short, memory bandwidth is much faster than the best x86 crypto implementations can handle.
Encrypting disks or network is no problem today, but we'll need architectural changes to support full memory encryption without a performance hit.
Encrypting disks or network is no problem today, but we'll need architectural changes to support full memory encryption without a performance hit.
EDIT: Also, I forgot that the last generation of consoles (and I assume the current) have transparent encryption of main memory.
Even if you dedicate all CPU cores to the task of encrypting memory, you still stop short of exceeding theoretical memory bandwidth by quite a bit.
AES is not the best you could do there.