Oh, it most definitely will. Even when the 360 and PS3 launched they were using hardware that was already a couple years old compared to PCs. It takes so long to develop a new console that even if the dev process starts with state of the art hardware, by the time it launches several years down the line it's relatively outdated compared to a PC. However, you can generally get similar results out of a console even with slightly lesser hardware just because it is the 1 set standard piece of hardware so the software can be optimized like hell for it. You can't optimize things as well on a PC with all the hardware variables. If I had to guess, I'd say that for a PC to beat out a consoles performance on a given game, it does need hardware that is at least 2-3 years more advanced, and that is probably exactly the line we'll be straddling with PCs vs the new XBOX 720 and PS4 when they launch. Games might look real similar for 6 months to a year even though PCs are more powerful, but then the PC will slowly pull back ahead again.