PC gaming>>>console gaming. This has absolutely has no objective basis, but this was how I really grew up gaming so there's just something that makes it really easy to get lost in a game by sitting close to a monitor with a mouse in one hand, and your other hand's fingers on the keyboard. Now I just need a new monitor, though I might want to hold off as the courier may well just be an axe murderer, and the axes that we have grown very fond of. HD actually matters on something like Crysis.* Plus the games. Warhead was the first game I've played this generation based on the Doom style of gameplay intead of the CoD style. And Wars...huge maps, vehicles, and just general chaos. That is how it should be done. Unless you're Killzone 2
Of course matters of the physical may not be the reason at all. Perhaps the games are just better. In fact, they probably are. 
And of coures you can even play at higher resolutions than 1080P, thus making the PS3/360 as obsolete as the Wii. And 90% of games are Little Big Planet, but with more creative and talented people working on mods.
Great thread! Very entertaining... But seriously I enjoy both, though mostly I can't play the newest games on my PC anymore. I am playing Mass Effect 2 on it, it runs ok. I also have my 360 s hooked up to the same monitor as my pc. I have to say it is almost like playing a pc this way with headphones and the closeness of being on top of the screen, and sitting at my desk. Really todays consoles are PC's yeah I know they are not as useful, or as powerful.But as far as gaming goes the difference is really not that far apart anymore. Thats why I have not upgraded my PC really, it is still fine for PC stuff and my consoles play at my pc desk and my hdtv so ... I still do play some games on my pc, but it's a single core with and older video card so I'm not playing Crysis 2 on it.