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The consoles are fine. If you have a gaming PC you might not want one or feel that it's a step back but most people do not own a gaming PC--even most of the people who play games on a PC have something weaker than a PS4.

Will the PS4 and Xbox One hold game development back eventually? Probably, but not yet and probably not for quite awhile. It's just opening up again after the 360/PS3 bottleneck.

Most game developers do not make their games for ultra-high level PCs only. It would be foolish, as not many people have those, relatively speaking. Consoles only become a real problem when they fall behind the average PC configuration.