No. Graphics change if I remember correctly, every like 8 months. Now a console lasts for about 8 years before there is a new one. If you have a PC you can have the better graphics the entire time. Like currently, I can't buy myself a WiiU, Xbox 720 or PS4 but I can upgrade my PC. If you want to keep the same graphics for 8 years, yeah sure, but if you want anything better, PC it is. And instead of buy a new console every bit, you can just buy one new part. That to me is cheaper.

Consoles are not reliable. Red ring anyone? While most PC problems are human errors, they got themselves a virus or messed up something. Console, that's all the developer. The only way there is human error is if they've tried to mod it.