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Maybe I missed it, but it seems that nobody has mentioned the one, big giant strike against PC gaming. That's the high cost of entry. If one wants to stay within two or three steps of the current top-tier, it requires at least a few hundred dollars per year of hardware expense.

Consoles require a few hundred dollars once every five years or so. on PC, you need to buy an expensive rig to start with, then you need to upgrade it every couple of years, then buy another expensive rig several years later, and start the cycle over again. It is much more expensive than console gaming.

Even if one just wants to game at the same performance quality level as current consoles, it still costs significantly more in hardware to do it on PC.