No you're not.
My Dad could go and buy a Console and Reach today and it would cost him less than £200.
He already has a TV.
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Who said anything about your dad?
I'm talking about my situation. I did not own a TV before purchasing a 360. Once you add everything up you're talking £600-£700, not £200. That's from a position of having nothing to game with and comparing it with buying a £1,000 PC (including monitor)

get it now?