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Its not PC's that will kill home consoles, its streaming games like you do with PSNow. Problem is much of the world is well behind on the internet infrastructure needed to do this. What kills handheld gaming, mobile gaming. Something that has blown up worldwide, even in the less fortunate parts of the world.
Handhelds will and are the ones to go first, Vita should be Sony's last and 3DS is well down on NDS... hell it will be lucky to catch GBA. While its still early days in the home console market this gen the PS4 and to a lesser extent the Xbox One have been setting all sorts of positive sales records.