Hmm. It's different, and some things are better, but some are worse so it evens out really. The main issues are piracy and the impact on games these days in terms of shrinking support
Most of the rest can be pretty much negated by sticking your PC next to your HD TV - it'll be quieter than a 360 anyway, play games in higher res on your nice HD TV, allow any controls you want and of you go.
I believe though that consoles are increasingly suffering from certain annoying PC issues though:
1) patches are on the increase and will continue to do so the more you have games like Gears and Fallout whose roots are firmly in PC level complexity
2) it just works, so long as you have right firmware version, connect to internet okay, etc.
As for innovation - right... I really don't see much more innovation on console than PC TBH.
Try to be reasonable... its easier than you think...
