The thing is, games are generally limited to the graphical capabilites of consoles, or there abouts, which leads to massive graphical stagnation e.g. amount of games using DX11. 

Having both consoles and a gaming PC, there are certainly advantages to each, but consoles do slow down the evolution of games depending on console life span. 

That's the thing. Publishers don't care about gamers or the platform, they care about money, this generation has shown that incredibly well with DLC, Season Passes and yearly releases of the same game with a different name etc'.
It makes more sense to make a game that targets as many platforms as possible.

However, the PC also doesn't need typical publishers as much as the consoles, and hence price gauge us and doesn't support the PC fully, we have moved on, we vote and decide what games gets funded and created all thanks to kickstarter (And Steam greenlight to an extent), we are now getting big PC exlusives such as Chris Roberts: Star Citizen and to a lesser but still exciting: Planetary Annihilation not to mention many other funded projects.

Blizzard and Valve has also generally always made relatively big-budget PC games that sells 10+ million copies, Diablo 3 was a bit of an exception, the sheer amount of backlash due to the dumbing down of that game was incredible, which coincedentally is also heading to consoles, it will be interesting how well it sells on the PS3 and whether Diablo 4 (Whenever that is made!) will do aswell as Diablo 3 on the PC.

Yes, we PC gamers are elitists, we pay for the best and expect the best and you would be fooling yourself into thinking the PC doesn't rake in a crapton of money for publishers, they do make larger profits per-game sold after all.

Then if you want to talk about the influence of PC hardware technology... Well. Most of the technology that consoles use was invented FOR the PC, without it the PS4 would be a completely different beast on the inside.

Edit: I'm also pretty sure the PC has the most expensive game ever made, with StarWars: The Old Republic and it's 200+ million dollar budget, which is twice as large as GTAIV, 4 times as large as Killzone 2 and Halo 3.

IMO most multiplats are generic shit and are a plague to gaming. PC gamers shouldn't be happy to be given DX9 mass produced drivel. As glitchy as it is, I'll take Planetside 2 over CoD anyday. 

Also to squash all arguments that PC games don't get funding......"World of Warcraft"

And generally if my PC is 5x more powerful than a console, then I expect to see at least some graphical improvement otherwise the devs have been lazy as fuck and I simply am not getting value for money.

@OP:

I used to bash, and rightfully so, PS2 and XB1 when PC/consoles multiplats were dumbed down to please presumed (and never proven) shallower console gamers (and, in XB1 case, also due to its RAM being unexpectedly halved by MS compared to initial announced specs), but now I saw there are enough highly respectable developers that understood, if they didn't already know it, that a dumbed down game cannot almost ever become a good casual game, a game must be hardcore or casual or anything in-between since the first stages of its design, and since then built according to this choice to avoid becoming almost unavoidably crap.
And actually I am currently very happy of what the next 8th gen consoles will bring as an indirect benefit to PC gaming, a new gaming HW reference platform cheap, power frugal and at the same time powerful enough for entry-level gaming PCs. I always prefer to build cheap and power saving PCs, and thanks also to 8th gen consoles my next one will give me more computing power for a given price and power consumption than I expected.
So go consoles, long live and prosper!

I see an interesting trend where non-PC gamers seem to think that graphics are the only reason PC gamers love playing PC games.

Yep: I'm still playing games on an entry-level 2009 PC with on-board Radeon 3300HD graphics... Anyhow I'll have to upgrade the GPU to a more recent entry-level to mid-range to play The Witcher 2, when it will eventually get on top of my huge and growing backlog.