I'm really dreading the death of PC gaming for one reason - controls. For a lot of game types, nothing comes close to the keyboard/mouse combo. For example, how many good RTS games have shown up on consoles? That is largely because of the input situation.
I really think there needs to be a rich, precise input device for consoles, and I don't think things like Kinect, as cool as they are, are the answer. When I see games like StarCraft, Company of Heroes, and World of Warcraft ending up on consoles without being horribly dumbed-down, I'll feel a little better.