Consoles usually are better value for money.
Consoles usually are better in terms of quality (graphics, fps) during the beginning of their lifespan and worse off at the end of it.
Some games play better in consoles (e.g. Mass Effect) and some better on PC (e.g. Dragon Age, the top down view is PC-only).
That being said, if someone if willing to keep up with the costs of maintaining a top notch PC rig, he will indeed get the better performance & better graphics. Personally, I use laptops as well (yes I'm a fanboy!), for my "pc gaming", and I face similar problems, I bought the best laptop around in 2008 and now I can't play Dragon Age on max settings. However I didn't get this laptop just for gaming, my actual work involves doing numerics, a good gpu is of help anyhow, so it wasn't hard to find an excuse for my department to get me the best Macbook Pro of 2008
