That's the only reason I can't justify buying PC for gaming. Spending 1k on a computer just to play video games (unless you are doing some sort of editing and need a system for that) seems a little ridiculous to me. Cost efficiency is the reason I play consoles now. I'm not trying to start a flamewar, just making the observation that, even if you only upgrade once every 5 years (which I doubt), I still only pay $400 for a console.
Well this was a total upgrade -id est the case, PSU, monitor, etc.- so it was a bit more expensive than a normal one, but, yes, if you want to game on the cheap consoles offer a nice option for those who want to spend ~$250-400. Still, I like PC gaming more and 1k is not that much if you're dividing it out over a few years -upgrading parts over time- or only dropping that once and awhile -every 3-5 years for a total upgrade-.