The real savings come from the games, as they always say. Of course not from new releases, but if you're fine waiting for a few months or a year then it can be a lot cheaper to play a lot of games.
It's great you can upgrade PCs yet at some point the motherboard will need to be replaced as well and/or a bigger power supply. The big advantage of consoles is that any game made for it will run. With PC you never know what you'll get until you try it.
Building a PC on par with PS4 is a moving goalpost on its own. It might be on par in raw numbers yet an optimized console game will always outperform a 'made for every configuration' pc version on similar specs. As console games get further optimized for the specific hardware, those pc versions will run worse and worse on that PC.
My old PC pretty much needs a complete overhaul at this point. Even the HDD can't be trusted anymore. (Those things don't last that long, it's full of recovered bad sectors already) I've switched to using a laptop so it hardly gets used anymore. It's still hooked up to a 1280x1024 monitor... it's getting old, laptop is 1080p.
If I'm going back to PC gaming it will be for VR. I'll sample it on ps4 first though as the cost of building a OR compatible PC is a lot higher.
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