Not necessarily. You can incremently upgrade your pc over time. Typically for cheaper than a brand new console. Generally as long as you have a nice enough mobo, you could just replace the GPU and suddenly “be able to play next gen games”

I still believe mobile PC’s (like the ROG or Deck) will be the new consoles of the future. Why the hell would I trap myself to a room every time I want to play a game? Now I can walk to any random forest, lake, area, and go play Cyberpunk 2077 for 4 hours with nothing but nature.