[Archonsod]

Console wise I think the problem is the cost of the basic unit. As the prices for the console themselves rise, people's expectations go up, yet the games remain the same (once you get over the shiny graphics effect).

I don't think we'll ever see a crash to the same extent on the PC again though. Most people don't own a PC for gaming, they own it for the internet, work or similar. Gaming (for the majority anyway) is simply an added bonus.