I don't know about you guys, but I sit at least 3 metres away from the TV when I play on my PS3. Can't really tell the difference between PC and PS3 graphic quality.
Really? See your nearest optometrist.
Game consoles are not capable of outputting the graphics quality which even a mid-range PC can. Consoles may be fine for the masses but anyone wishing to experience a better gameplay cannot do so with a console.