The only use of the term 'console exclusive' is if you buy into the shallow fight of PS3 vs. 360. It's ignores of the rest of the gaming world.
I'm interested to see what Sony fanboys call the games that will only come out on the Wii and PS3 once Move comes out. HD motion control exclusive? Who knows, but all these adjectives are as some have pointed out shameless fronts.
What bugs me though is how in the Microsoft forum they sticky the 'The Official Xbox 360 Console Exclusive List' thread, it's as if the Microsoft forum itself ignores it's relation to the PC and Wii. It's clearly ammo used to defend against Sony suporters.
This isn't to say differentiating what the 360 has that the PS3 doesn't and vice versa isn't important information. If you are deciding between the two the distinction is insightful. But for a video-game website that encompasses all of gaming, I think it's sad to see 'console exclusives' as the 'official' list.