When the Playstation 4 launched... The Radeon 7850 become the Radeon 265. Quite literally as it's the same core.
The 260X could meet the 7850's performance level through aggressive clocks and higher bandwidth as well.

The difference a year in the PC space makes.

The Geforce 7800GT in the Playstation 3 was upper high-end... Before the Playstation 3 launched... nVidia dropped the Geforce 8800 series and pushed the Geforce 7800/7900 to the mid range.
https://www.anandtech.com/show/2116/21

The PC isn't some device that only sits at one price point.

You can buy PC's that are cheaper than an Xbox One/Playstation 4... Or you can buy a PC that is the same price as an Xbox One/Playstation 4 or you can buy a PC that is orders-of-magnitude faster and more expensive than the Xbox One or Playstation 4. It's called choice.

You can choose what games, what visual settings you wish to run at for any given hardware and budget.

That is the reason why PC's have hundreds of millions of gamers across the planet... And why a console that costs $400-$500 does't seem to be able to steal PC gamers away regardless of it's hardware.

You honestly believe that there could not be some people out there down on their luck and have like $500 only to spare and while they would love to go to pc first and upmost, they can see how for those $500 it might be  better to go console or get a very low end pc and get an indisputable lower experience? Maybe save and later on go pc? Some one who has small kids and cant operate a pc so must get a console for them but cant afford a pc on top of it? Please dont tell me you believe all of pc gamers have cash spilling out their wallets at all times. There are people out there who have a primary choice but just are not able to aford it. Other wise we would all be living in mansions by the beach driving Ferrari and Lamborghini. 

Now tell me about theese choices wich are the ones Im talking about? If someone is buying a gaming focused deviced and is planing to at most reach that mid point you mentioned of the price of the consoles, wich will in no doubt to anyone have lower performance in almost every way to a same price console, you really dont believe some people could actually make the CHOICE  off going with a console?

Why do you keep bringing up stealing gamers away? Whos talking about doom for the pc master race here? Just saying that at the beginning of a new console gen the price to performance ratio is to good to pass up. That in a year or 2 all thouse pc people comeback is most likely. Also saying that this generational leap in console performance pluss the greedy practices Nvidia have implemented will make that price difference last longer than it has done in the past. I would have said intel as well, but we saw what happenend to intel and they are not even worth discussing anymore. 

You honestly believe that there could not be some people out there down on their luck and have like $500 only to spare and while they would love to go to pc first and upmost, they can see how for those $500 it might be  better to go console or get a very low end pc and get an indisputable lower experience? Maybe save and later on go pc? Some one who has small kids and cant operate a pc so must get a console for them but cant afford a pc on top of it? Please dont tell me you believe all of pc gamers have cash spilling out their wallets at all times. There are people out there who have a primary choice but just are not able to aford it. Other wise we would all be living in mansions by the beach driving Ferrari and Lamborghini.