I also recently switched to PC gaming afters years of being a console gamer.
I recenrlt purchased an ultra portable HP PC with 8gb of ram. It's a pretty decent hookup.
So far, I have only played Dragon Age: Origins and Mass Effect 2. Highly anticipating Bioshock 2 and considering Borderlands.
PC gaming definitely has its benefits. The games tend to be slightly cheaper than console counterparts and I can watch tv while playing. Also, it may just be my imagination, but PC games appear to have less frequent/shorter loading times. May vary though depending on system setup, right?
The downside would have to be hard drive space. Even with 320 gigs, games are pretty large.
I'm not a fanboy, I just try to tip the balance in favor of logic and common sense.