Right, plus 8 copies of the game?
Seven of us played Halo the other night. One Xbox, TV and stereo were already on site. Brought the second Xbox and projector in a small bag. Quick to set up and everyone was in the game and killing away. Of those seven, maybe three of us would have laptops and probably two would've had copies of Halo 3. And who can't shoot and turn around at the same time in a console FPS?!
If you don't like it, don't play it - just wake up to the fact that console gaming is popular, there are reasons for that, and that FPSs can still be great fun without a keyboard/mouse combo (hell, for a long time back in the Doom/Quake days I would play without a mouse and generally win games).
Mountain biking is still a popular sport despite the existence of faster and louder motorbikes. *shrug*