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Hawkeye said:
Which would you prefer-
A. $2000 console with $40 games
B. $350 console with $60 games
there is your answer. PC gamers pay through the nose for hardware but better control and graphics and customization and get decent prices on software. Console gamers get much cheaper hardware but slightly more expensive software.

This argument is a complete fallacy. If you wanted to build a decent gaming PC, it would actually cost between $500 - $1000 to build from the ground up, and much less to upgrade to be able to play anything on the market at reasonably high detail and HD resolution.

Reasons why this argument is rediculous:

Most people need to own a PC anyway for email, word processing, etc, so the base PC cost should not be factored in to the 'gaming' cost.

If you purchase or already own a modern PC for those tasks, you can cheaply upgrade it to be a gaming PC.

Because you purchase a good PC for daily communication, organization, work, and other tasks, the only cost that should be factored in is the cost to UPGRADE your home computer into a gaming PC (unless you are building a 'gaming-only' rig).

You can easily upgrade a modern PC with a Video Card & RAM for between $200 and $300, this is sufficient to play any game on the market with higher detail and resolution than the HD consoles can offer.

So, if you already own or plan to purchase a modern PC, it is actually CHEAPER to just upgrade the PC to a gaming machine than to buy a separate console for that task, AND your games will have better graphics than their console couterparts.