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If you play online and buy many day one AAA games - PC may be the better value.

If you don’t care too much for online play, buy a limited number of games, preferably on sale - console is it.

There’s not going to be a situation where a $1000 console is the only way to play new games though. Sony will either keep selling the PS5 as the default offering, in tandem with the PS6. But more likely they will have a cheaper version of the PS6 that’s $400-500 and around PS5 Pro power level, along with a more powerful and expensive PS6 version.

And on average, I’d say the cost of PC vs console is similar. Instead look at whether the freedom of PC is something that outweights the ease of use of consoles for you.