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I know many of my friends who previously played PC games are now almost exclusively on consoles still. The emergence of online multiplayer in consoles drastically changed what made PC games different / more valuable than consoles. Previously the only way to play with others on a console was to be connected with them on a LAN.

With AMD coming out with some amazing gfx processors at very affordable prices, PC gaming has definitely been given a boost in leveling the cost playing field of PC vs Console games. I hope the transition is happening because there's nothing like playing a game with a mouse and keyboard!

True you can't beat mouse and keyboard for certain types of games.