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I just don't think anyone will have the budget to make games that require complexity (visual or otherwise) that goes beyond the PS4/720 for a long time, which I expect to be about 2TFLOP+ in a closed operating environment (though I suspect 720 will run Windows RT) fine tuned for gaming.

Not for a niche PC market.

Sure you can pluck down $3000 for a custom PC if you want, I just don't think you'll be getting a whole lot of bang for your buck. Maybe a handful of titles will make use of that. As 4K resolution monitors become more common, then sure. You'll probably start to see some seperation.