But at launch CoD2 looked at least as good on the 360 as on a decent high-end PC.
Almost everything that makes the PC version one of the year's best shooters remains intact on the Xbox 360 version of the game, which looks just as good and actually runs smoother than all but the most beastly of gaming PCs.
~Gamespot, 2005
The sports titles had unprecedented detail. And PGR3 alone sold me on the console when I pushed the right stick and was able to look through the window at the car I was passing by, all in glorious HD.
8 years later and a decent medium-high-end PC gets better framerates at higher resolution in higher graphical settings, the little details are barely a new thing (diminishing returns are a bitch) (EDIT: FIFA's crowd reactions are great, for example. But they won't make anyone run and buy a console) and there is no exclusive that really impresses anyone.
I'm not saying the consoles are bad at all. As you said, in a year's time they can be amazingly awesome and great value. But there's no significant improvement over the previous gen this time around.
It seems that Sony and MS are more concerned with making a safe and profitable investment than moving the games industry forward.