Despite it being true that PCs offer a better overall experience in terms of graphics and sound, as well as upgrade-ability, they are not great machines for party games or local multiplayer games, that is, games you play with other people in your living room as opposed to online multiplayer, You will, however see most triple A console games get a PC release so if you don't plan on playing many party games, then you should be set with a PC. Personally, I like the best of both worlds, so I have a gaming PC and a Nintendo Wii. While I enjoy games like Dead Space and Team Fortress 2 on my PC, there's nothing like playing Mario Kart Wii with 3 of my friends in the living room. A good PC and whatever the current Nintendo console is is all most people should need for a well rounded gaming experience. Save for a few console-only series (Halo on Xbox and Uncharted on PS3 respectively), you really won't be missing much owning the aforementioned gaming machines. The Sony and Microsoft consoles are really only glorified gaming PCs that hook up to your TV, however they quickly succumb to obsolescence. Bear in mind though, that the new console generation hasn't kicked into gear yet. Other than the Wii U, we still don't know exactly what the other new consoles will do. So there may be changes looming just over the horizon.