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I could make a great PC for that...
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I mean, I have a PC that is roughly the same specs, while still being in the general price ballpark. I waited for specials, took advantage of vendor specific price reductions (such as company specific credit card discounts when I had the money to pay outright), bought a couple things second hand, bought two things that were ope box (returned but nothing wrong), and I already had a decent monitor. This, as you probably can tell, was a pain in the ass, but I have a PC that is a little more powerful, with a lot more storage, for just shy of 900 USD, after taxes. So not bad. However I don't expect normal people to go through that, I kinda enjoy the process.
But the only way to really compare the two is in a holistic manner. Without including the costs of using the console, through its life, it just isn't a fair comparison.
I totally agree. Part of the reason I’ve not made the leap yet is that gaming has become less and less important of a part of my life, and that initial cost has been enough to dissuade me generally speaking. Also if I’m being honest I really like the “plop down on the couch and use a controller” console experience. But I’m realizing more and more that I just need to bite the bullet and I’ll appreciate it in the long run.
I don't know what your living space is like, but I have an HDMI cable running from my PC to my TV, and some wireless controllers, for when I feel like sinking into my recliner and just playing.