hey if you think $50 for one game is ridiculous, think again. it's been $50 for about 5 years now and if you like games you should be glad they're not going up again!
And real, this endless cycle is 4-5 years per console. If you like games and play them fairly consistently, $300 or $400 is gonna pay off over time. Doesn't seem like much of a waste to me.
It all depends on the customer.
EITHER WAY!!! PC games will always rule. Consoles are good for ease of use and havin the capability to have a lot of people play at once.