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1. Not really, the forums might be filled with people who spend large sums on their hardware but general PC gamers don't. The Top 10 GPUs in the last Steam survey featured 4 relatively under-powered Intel GPUs, with the remaining 6 being mid-range GPUs from 2-3 generations ago (which you'd probably get when purchasing a new desktop 2+ yrs ago). Many game on PC simply because they have one and are willing to put up with lower settings; the best selling PC games tend to be the ones that have the lowest required specs/are the most scalable.

2. But again, you need to spend money on a rival product. The point is that there are multiple free services that make DRM policies more palatable. If you don't like the ToS of one company, it's fairly simple to use another. With consoles, you have a $300+ barrier that prevents you from simply changing once you've jumped in.

3. Of course it's not intended but my point is it's very easy to do this on the PC, to the point where people will do it regardless of the legality of the situation. People won't complain if they can use loopholes.

5. Second-hand sales have never been a big element of PC games and the sharing of games has gradually reduced since the late 90s (well, legitimate sharing). On consoles, second-hand sales and game sharing have been a big part of the consumer ecosystem for the last 20+ years that MS are suddenly saying will completely change on XBone. It's a forced consumer change rather than a natural one.

What I'm basically saying is that this system is taking the worst of PC gaming whilst giving virtually none of the benefits. What's worse is it takes away from some of the foundations, culture and ecosystem that console gaming has been built upon.

Okay. I guess your points do make the comparison between Steam and the Xbone a little unfair. However, except for the last point, they are irrevelevant because MS has the right to do what they want with their own product. 

I do agree with your last point, but I also think that it's bound to happen, and it needs to happen. If anything, maybe MS should have waited until everything went all digital.