I could build a PC that would be faster than the PS4/Xbox for around £450 with some carefully sourced components, so a little more expensive but at least it would run games on high settings easily at 1080p/60fps which is something neither console can achieve with the same texture details.
Hell, i could even fit a blueray drive in their at that budget, and the point about 3d Drac is a non issue as both PC’s and PS4 can do 3D with the correct tv/monitor.
For this generation, the only time i’ll be buying one is when they are sub £200 and when there are some killer exclusives. This is the first time in 20years i’ve not picked up a console at launch.