Being a console junky, I've already paid for the Xbox and have even taken time off work so when it comes in I can grab it, some beer, and sit down and play some fun games.
Personally, I think that console games simply have a different feel than pc games. (not including games that are worked over from PC to console)
I don't think the xbox will find PCs it's competition...if that was the case the Playstation/N64/DC would all have been out of business. Every console that's come out has been pretty damn expensive.
Just because the xbox will finally have near pc quality games on it doesn't mean that it will find the PC it's competition...rather, people with low-end pc's (like myself PIII-450, 256megs ram, GeForce MX) will lean towards purchasing a nice console to buying an entire new computer...which...might even be obsolete by the time U2 comes out.
Sooo...I'm all for the xbox, I wish it luck...and I wish the DC had suceeded. But now I'm just ranting.
Onward marching soldier.
-I_AM{skullface}