Agreed. The appeal of console gaming is some hypothetical extreme example that has no basis in reality.
I find cheating actually quite rare in the competitive PC games I've played online. In fact, I think the cheating false positive is a lot more destructive to the PC gaming experience than cheating itself is. When stupid or extremely immature players (most of the gaming populace) are faced with the fact that a player may be better at a game than he/she is, they tend toward the more favorable answer to themselves that the person must have had some unfair advantage.
I have had this happen to me countless times in Counter-Strike where some player who has been playing on K-Mart speakers for 4 years thinks I'm wall hacking because I use his footsteps to locate and kill him from around a corner. Or extrapolate his movement path and shoot him through a wall with an AWP. I obviously can't do it every time, but the more times you try, the better you get at it, the better chance you have at scoring a hit, and hey sometimes you just get lucky. These types of things are super common for even casual players. Yet I, and I'm sure many others, are constantly getting banned by stupid server administrators for 'hacking'.
Not to mention that hacks are probably likely to be infected/repackaged with all kinds of bad things, and can get your key permanently disabled. They also ruin the challenge of a game and prevent you from actually improving, which are usually the main reasons people play competitive games for a reasonable length of time.