Quote: "It's cheaper to pay £400 every 7 years for a gaming device, than it is to spend the same money every year on upgrading a gaming PC."
That is 400 odd quid for the XBox One; or as Marcus Beer would say X Boxes, or X Box One with Two boxes, including your Kinect. That's the XBox One, with Two Boxes. OK, make that 3 boxes including your X Box 360.
Ok, £40 for each game you buy for the next 7 years. OK, you gotta pay subscription for XBox live access as well.
OK, did I mention it will become current gen when you buy it; current! OK, did I mention it will become last gen within about 12 months or so after technology advancements. Thats two boxes, not one, possibly three boxes current gen or last gen in your living room.
OK, did I mention that it is not the X Boxes, it is the X Bricks, the big chunky boxes; and quite possibly they will relaunch a more streamlined version like they always do. Perhaps another 400 quid for your living room entertainment area to look more current!
You can pay £400 for a PC equivilent and not need to upgrade it for 7 years too. You just end up upgrading it because you can; which is not possible with consoles.
The good thing about consoles is that they are easy to setup. Anyone who is intimidated of PCs will find the console more welcoming.
Bring back the Amiga or Commodore 64 style consoles IMO. Make them more customizable and creative.