I think taking TV's/monitors/peripherals into account here is stupid.
For a mere comparison, we should be saying £200 for the console as it is, against £xxxx for PC hardware on a new build.
It's not stupid at all. I'm comparing like for like and what my situation was.
I did not own a TV before getting the Xbox, I did everything on my monitor (which is a stunning display).
The point was, say you had nothing, you'd just moved to a new house or something and you wanted to either experience gaming on a 360, or gaming on a PC. What are you gonna do? Look at a 360 case and imagine the game? You need a TV. Just like when building a machine you need a monitor.
And the new arguement is that to experience 360 gaming (from scratch) it's gonna be around 600 quid. To experience mid-range to high PC gaming it's gonna be around 1,000, but the difference is quality is just ridiculous