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Lawlight said:
In other words no monitor, no OS, no controller, have to rely on mall-in rebates, have to build the actual thing, $150 more expensive, valid only for the US to get to play games at around 50fps.

Which is better than what the consoles can manage and at greater graphical fidelity, not to mention all the extra uses you can get out of a PC. So you get more for that extra $150, plus you don't have to pay for online and the games are cheaper which actually saves you money in the long-run.