There was a time when even we PC gamers had to admit there was a place for console gaming, in part because consoles were just a lot cheaper than gaming PCs. It's hard to make that argument today, though, and it looks like that won't be changing any time soon, as Microsoft is keen on making the next-gen Xbox a "premium" console.
Sarah Bond, the president of Xbox, recently said as much to Mashable: "the next-gen console is going to be a very premium, very high-end, curated experience. You're starting to see some of the thinking that we have in this handheld, but I don't want to give it all away" (via The Verge).