Insights into the PC vs. Console gaming markets

This is a really well written article along with a nice history of what caused the shift in PC vs. Console gaming. Personally, I used to play PC games much more than console games. And to the support some of the comments, that stopped in the mid - late 90s once the Sega Saturn, N64 and Playstation came out. Then you didn't need to upgrade a PC anymore. Gaming on the PC along with its graphic and physics improvements drove the processor, case, video/sound card and monitor business. I used to upgrade something every year. I built my current PC in May 2008 and I have not upgraded anything to it since then (I won't count adding on Windows7). I really don't see a need to. I play my 360 more than anything and my PC was reduced to playing MMOs and Half-Life 2. Plus I don't have a desire to reinstall older games to play either. PC gaming isn't trade-in-able, compared to console games, so that has hurt the PC gaming market as well. Plus, many, if not a large majority of PC gamers have resorted to downloading games now.
The one really large difference as to why I think studios moved to console gaming much more, was due to pirating. Not to say that consoles didn't have it as well (heck I even had a mod chip in my PS1), but the number of people that you ran into that actually used console emulators vs pirated console games was  small.
I hope that the PC market comes back, but since people associate PC games with MMOs, strategy, social and simulation based gaming, I doubt it.

http://www.gamasutra.com/blogs/NeilSchneider/20120912/177503/How_Console_Stagnated_the_Art_and_Business_of_Gaming.php