I bought a laptop last Jan with a Geforce 8800m GTS for $1300 and my 360, ps3 and Wii have been collecting dust ever since (my kids play them a bit).
PC Games are cheaper, and all the ports like Gears 1, Mass Effect, Kane and Lynch run a lot better on my laptop with higher settings and resolution.
One of these $499 core 2 duo PC/LCD bundle specials at Future Shop paired with a $100 9600 GT or 4670 would run circles around a console - and tha games are cheaper.
As a true CAG the price is right.