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Actually, even if you take into consideration the OS overhead in PC's, they STILL have more ram(and more video ram) available than the PS3/360 does and more powerful GPUs to boot. Granted, they DO run games at a higher resolution than the PS3 and 360 do, so they need the extra GPU power.

PCs also get access to faster HDD's, which can improve streaming speeds.

The REAL problems with PC development is hardware costs, having to ensure your software works with older hardware and being unable to optimize for a specific hardware setup.(the last one is the big one)