Much as I love gaming on my PC over consoles, mostly because I can mod/tweak them to improve graphical issues, e.g. increase the draw distance and fix the atrocious pop in in games like Scarlet Nexus (and soon Tales of Arise) which uses Unreal Engine 4), I think it is the consoles that will remain the dominant gaming platform for one reason: they are cheaper. I wanted to upgrade my 2013 built PC with a GTX 1080 Ti last year but scalpers and high pricing of GPUs put paid to that. I wanted to upgrade it this year but availability and pricing is still a real issue so it looks like I'll be waiting until 2022. Thankfully, my PC is still very capable despite its age and ageing i7-4770K CPU and plays every game I enjoy at 60+ fps and 1440p maxed out settings albeit without ray-tracing.
I do own a PS5, which I was lucky enough to pre-order from Amazon as Sony finished their announcement and have thoroughly enjoyed games such as Demon's Souls, Ratchet & Clank: Rift Apart and Astrobots on it but I never bothered with the Xbox Series X as all its games are available on PC (and arguably better with decent hardware) so there did not seem any point in buying one. Also, it has no real exclusives unlike the PS5, which might not have that many but at least it has some! I do own an Xbox One X but that has remained unused really about a year after I bought it. It's a great piece of hardware (or rather was) but the games just looked and ran better on my PC. I'm also someone who enjoys having a physical games collection on consoles so Game Pass just never appealed to me (and I had owned most the games that interested me anyway on my PC).
Now though I'm thinking I would like an Xbox Series X for third-party exclusives. It's a bargain at £449... if you can find one in stock... and with my PC upgrade on hiatus then it looks to be a good buy. The PS5 annoyingly still does not support VRR (and in opinion likely never will but we'll see...), which my LG B9 TV supports as does the four year old Xbox One X, so that means having to put up with screen tearing in games like Assassin's Creed: Valhalla, a game that runs okay on my PC but looks and runs better on my PS5. For less than the cost of a mid-range GPU (at non-scalper prices anyway) the PS5 and Xbox Series X are great value for money so it is hard to see how the PC can really compete with that. You cannot build a gaming PC with the same spec as the Xbox Series X for £449, that is a fact.
PCs do more than games though which is why I enjoy using them (it enabled me to work from home for nine months during the COVID pandemic for example and listen to music while I worked!) but I cannot see how PC gaming, in this current climate of hard-to-find GPUs and ridiculous pricing, can ever hope to dominate these consoles at these prices. Console game prices are high at £70 for a first-party PS5 game but in my experience PC games aren't much cheaper either with key sellers barely discounting the typical £49.99/£54.99 Steam/Epic etc prices. A few years ago I bought the majority of my PC games from reputable key sellers like CDKeys.com and GreenManGaming and rarely paid more than £29.99. Now though, I'm lucky if I can find them for less than £39.99 and that's without factoring in the more expensive Deluxe/Ultimate editions! Also, digital games have no resell value which makes like poorer value for money. I guess that is why Game Pass might be so appealing for many people who don't care about owning games.