"However we live in a world where first party exclusives are becoming less and less relevant"

This is kind of bad news for the consoles, too, because ironically the only reason at this point to own most of them is their first party exclusives. Nintendo is now sometimes non-jokingly referred to as a Mario Kart or Super Smash machine. If it wasn't for Halo, Xbox would probably be dead. I don't know what people care about on Sony these days, Uncharted?

Add to that the price differential and I'm truly amazed the consoles are even relevant anymore. There doesn't appear to be much justification for them aside from first party exclusives, of which only Nintendo appears to offer any experience that isn't available in a comparable title on PC - and they have pretty narrow appeal, and little understanding of the Western market.