That's incorrect Matt. PC gaming costs nowhere near those amounts. It's true that PC gaming is more expensive than console gaming, but it's greatly exaggerated by people like you who are misinformed and jump on the hype train.
A low-end gaming PC will play all console games on max. People like SSJ and I spent $500 or less for our gaming PCs, and still play all console ports on max settings. At most a PC gamer needs to upgrade his graphics card every year and a half to 2 years for $100 or so (about the cost of 2 years of Xbox Live incidentally).
As far as feature sets go, not even close. For example, you play Call of Duty 4 on a console in a 12 man server, 16 man at most in 1 game mode. I can play Call of Duty 4 in a 60 man server if I choose, and play it lag free no less. In fact, I do all this for free.
I also have Steam, which gives me instant access to free demos, trailers, friend chat, groups, voice chat, mod tools (things to make game mods) and a launch pad for all my games (no changing of discs). I can also set up a media center (add my favorite videos), track my stats and playtime (viewable by my friends and people in my community groups), and directly download all games I purchase straight to my hard drive. I can even purchase games before they are released, pre-install them, and they'll be unlocked instantly at Midnight on the release day.
Oh, and I do all of that for free.
