I think due to the competition between sony and microsoft, they will keep making them until consoles as a concept entirely fail. and even then microsoft is the only company who can afford to take some 10 year hit in hopes they monopolize the market. If this round fails then sure this may happen, but i have many friends who saved 700 bucks by buying a console instead of a pc so far.

I got a pc during covid and although i play it about every day i still like having my ps5 to play on occasionally because well, it was pretty cheap considering the specs you are getting with it. And i know i'm going to have it for 10+ years as long as it doesn't break. People harp on 60 fps but imo 60 fps is perfectly fine for story games and i've even found myself to prefer optimized 60 fps vs. uncapped fps quite a lot on some games. Hell bloodborne alone is a great example of even 30 fucking fps still cannot ruin a great game. It's annoying for sure, but optimized right it is not nearly as bad as people talk about because they are thinking of unoptimized fps on their pc.

Conclusion: lower fps does not look good on pc gaming, but lower fps can look just fine on console gaming that is optimized for that lower fps rate. This along with the cheap price point to play next gen games, consoles are still more alive than ever. I can understand if you have some beast of a pc. But those of us buying used 590s just to play games on pc, we would like to still get a console.