Yes, this comparison has been done to death many times before. But as the gaming scene has been continuously evolving, we will find a lot of differences in opinion as the time progresses. Many gamers who sweared by PC gaming earlier have now shifted entirely to consoles for various reasons.
In my personal opinion, I find Console gaming at its present form, vastly superior to the PC gaming. Infact, other than better graphics, the PC has got almost nothing else going on for it. The reason I would prefer Console gaming to PC gaming anyday is the overall Console experience.
Honestly speaking, I feel like I have been given a punishment when I have to sit in front of a PC with my back straight playing with a keyboard and a mouse. For this reason alone, I have started playing all PC games almost exclusively with a 360 controller, even the FPS titles. Sure, the 360 controller is way less accurate than a keyboard and mouse combo but its also way more relaxing.
The mere fact that I can play a game lying on my couch or my bed on a 42" inch display just by a press of a button makes Consoles the undisputed king when it comes to serious gaming in general. Add to that, the achievements/trophies and the live/PSN experience and you have a complete gaming solution. Even the differences in graphics isn't considered a big deal anymore as more often than not the console graphics especially for the exclusives are pretty enough. Also, almost all the multiplatform games are much better optimized for the consoles and as such the best experience will be possible only on a console. Then the fact that a console costs much less than a gaming PC makes investing in a console a no brainier.
Even after all the above reasons, the biggest reason of them all for any self proclaimed gamer has to be the games library. The consoles have given us arguably the best exclusive games of this generation. A simple look at the exclusive lineup of consoles would end all doubts as to which platform is superior at its present form.
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ubergeek said:
If you want to play some platform exclusive titles and have hdmi capable lcd or led monitor then go for a PS3 if you dont have a Gaming PC at all i would suggest you to build a new one cause price of a ps3 game is 2.5k whereas for pc its almost a fraction of that and also you get to play most of the games for free if you know what i mean

for dude in india pc gaming is mucHHHHHHHHHHHHHH cheaper than ps3 gaming
Not so much. A Gaming PC would set him back by atleast 40-50k. While a PS3 would cost only 17k. Even if he buys the platinum edition of around 20 of the best PS3 games, it would still work out to be much cheaper than investing in a gaming PC and becoming a pirate.