I sacked off PC gaming a while back, the only reason I could think to stick with it was if I was desperate to run Full HD (at the time) at high frame rates, or multiple screens. If you're just teetering around minimum spec and not feeling the power lust for 4K at 120fps, you may as well go console. I soon forgot about frame rates, resolutions, buying and fitting components, a dedicated monitor, it's not like current gen consoles are 32-bit! Can't remember the last time I thought about minimum system requirements, possibly Football Manager, but then that's a number not polygon cruncher.
Join the console gang, it's so retro, it might actually be a bit hipster
The PS3 was £425 on release in 2007, it's still in production 10 years later. Have a quick look and see what a £425 gaming setup from 2007 has available now!