You know it's always you PC gaming assholes who need to have your egos reassured.
So rest reassured, the PC probably isn't going anywhere for awhile, and yes, you're probably getting a more powerful system that's cheaper blah blah blah.
I don't understand why your lot feels so threatened by console gaming.
But there's things to consider.
First, the death of console gaming might not happen due to strengths in the PC industry. Lack luster financial performance from Sony isn't due to the PS3 and PS4 not selling well. It's that their other arms of business aren't doing so well. Microsoft as a whole probably doesn't care where you game. The sound/graphics APIs are going to be the same on both machines and the real difference is the details like UI and the ability to mod(which; given USB is available on all consoles; if modding were that important; we'd have it on consoles). Also, let's face it, no matter what happens, Nintendo's probably going to be a massive outlier either way.
Second, the decline of PC gaming probably would have nothing to do with the strengths of console gaming. It's not that people have no need for PCs anymore, it's that they have no need for *new* PCs. The PC these days are as good as it's going to get for awhile due to the nature of physics. PCs just aren't getting more powerful. We can shove more cores and more RAM in machines, but ultimately, we're up against a wall here. Plus OEMs have been chasing after marketshare and razor thin margins for so long I don't think the OEM industry is sustainable and I don't think that expecting people to build their own PCs is a reasonable way to keep the PC gaming market healthy. Also the UX for using PCs sucks. Windows is terrible. OS X is less terrible but still not even close to acceptable for gaming when any number of things outside of your control might cause framerate drops and crashes.
Third, is that at some point there's a human output problem too. At some point, we're going to reach the peak of the ability for games developers to produce high quality assets and no matter how powerful your CPU or GPU are, asset generation is going to become more costly as it's going to take more time and more people to develop maps and character models and so on.
Fourth, is that no matter how ubiquitous mobile gaming gets, there will always be a demand for games with physical controllers and the strongest GPUs on the market. As long as mobile devices are also bound by batteries, the raw power available to mobile isn't going to be great. Which not only limits graphical fidelity but also things like AI and so on.
The near future of gaming is probably going to continue on. If I had to spitball on the future, either Sony's going to make it out of this mess alive or Microsoft is going to consolidate the market between the two. Either way, what's probably going to happen is more of the same. Although the next few console generations are probably going to scale up with display technology. The PS1 was the console of the standard def CRT. The PS2 era was the console of the 480p rear projection CRT days. The PS3 was the console of the 720p era and the PS4 1080p. Quite frankly, given the human cost of generating nicer and nicer assets, I really don't think that pushing graphics is all that important. Not to the bleeding edge at least. What's the point of a 4K games console if my TV isn't even receiving other 4K content for it? Next generation's going to be hardware that can push 4K displays.
I think that there might be a day when Windows stops sucking for gaming. Maybe some kind of special execution mode that somehow puts the game in near 100% priority and sleeps anything not necessary for gaming with a smart enough scheduler to not make the whole system grind to a halt. I'd also hope that Microsoft finally makes device makers stop shipping awful drivers. Maybe also shore up a lot of their OS problems; but not likely. I wish, a girl can dream, right?
There's never been one true way to engage with video games and I'm really shocked to see how much time and effort has been spent by PC gamers to demand deference. Not now, and not in the near future.
The only form of gaming that has "died" or been supplanted has been arcades and that's due to really awful cultural reasons related to arcades. Nothing technical or even "consoles made arcades irrelevant." It's all bad business decisions on the part of operators who marketed towards children(who, funny enough, have no money of their own) and western cultural traditions where adults just didn't pop by the arcade for a little while before going home from work. We didn't have the equivalent to Mahjong games or horse racing games or other adult with job friendly games that Japan, Korea and China have. Not in graphics or terms of subject matter. Mahjong games are great because the experience is largely the same. Also games like Star Horse and Derby Owner's Club allowed you to play a few games and leave and enjoy yourself. It's just not culturally accepted as a past time here in America. Arcades are closing in Japan(not sure about Korea or China), sure, but this downward swing for Japanese arcades is largely economical.
So if we don't have PC or console or mobile gaming in the future, it'll probably be because of awful business decisions or economic pressure or maybe cultural problems. I'm not a PC gamer because the weaknesses in the PC platform and the culture around PC gaming make it unpalatable to me. If Sony goes under and there's no next gen Xbox, I'll probably start gaming on the PC but also probably game a lot less too.
not because games are terrible. Games are great.
Everything around them sucks.