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[Doubler]

#2 you can't return games for the PC because of burning[/b]

In most western countries stores are obligated by law to allow you to return goods without questions.

I don't have to buy a graphics card every year or two to play the newest games.[/b]

A much heard argument as to why the PC would be a poor gaming platform is the 'need' to upgrade pc's, which is quite simply a straw man. You can upgrade pc's, if you want to, but there's no need if you want to run new games. My pc is a couple of years old and was only mid-high end when I got it. It still runs Bioshock on its highest settings (save Dx10 features). I've never really had a pc do any worse then that. A decent pc will easily run new games for five or more years after purchasing it without too many concessions. Only after that time would I consider 'needing' to upgrade.
To be honest, I don't think a sensible consumer pays much more for a good gaming pc then he would for a games console. The difference would probably even out when you consider console games tend to be more expensive, and offer less possibilities for extending gameplay.