I know that i am noobie to this forum, but have been an avid reader for a while.
My contribution is this in this debate.
I love my pc, and admit, for some games, it will always be the preferred way to play those games. But, I see the trends of gaming are starting to change. Developers used to 1st develop for the PC platform and then transition over to consoles. It is now the other way around. The money is in the console market. Look how many developers have jumped on the bandwagon, this is why there is so much hype. Look at Doom 3 for the xbox, it outsold its pc cousin by some ridiculous margin.
I had the chance to play the 360, on a nice hdtv, and I have to admit it was sharp, cod 2 at 60 fps per second looked very good. I have no idea what some of the other people are claiming to see. I also thought Project Gothem 3 was beyond current pc standards.
While I admit some of the other first release games could easily be done on my pc, I understand that these efforts were rushed. You can't dispute the hardware either, 3 cores at 3.2 ghz, 8 SMT threads, and a gpu that's was engineered specifically for games. No current pc can match that at this present time.
I fully believe every the pc will always have its niche, but in terms of cutting edge development, we have begun to see the changing of the guard.
El Che