Most people are console because of the cost. When you can buy all 3 current-get consoles for the cost of the video card alone, you won't be getting many to jump ship. Even your lower tier card is the cost of the entire console, not including the rest of the PC
I do need a graphics card for my PC, but I'll always be a console gamer first. Sitting on the couch with a controller in my hand playing on the TV is more notalgic (I grew up with an NES) and always more enjoyable than even playing the same game on PC
I'll be buying a PS5 for that exact reason. I'm into gaming enough to justify the cost of a console, but not enough to care that I get enough of the diminishing returns to justify a $1500 video card + the rest of the cost of the PC. Like KLB, years ago I was into building my own PC's too, and I'd never have spent that much on a video card.