I mean that's largely true, but it's not like PC hardware isn't currently relevant to the current system as well. About 2-3 years ago I went all out and built my son a 3 grand gaming PC (divorced dad energy), about a month ago I looked up the parts. The exact same build that's now 2-3 years more outdated components, would run about 5 grand now.
So yeah... while I've been largely out of consoles for a while now. gaming hardware in general is pricing everyone out right now as data centers are bidding everyone up...