I watched the PS4 event live, and I was very underwhelmed. What I heard was:
"Game developers wanted us to build a PC, not a console, so we made a PC and named it PS4."
After that, I didn't bother watching the xbox reveal. More of the same from what I've read, and with the added draconian DRM schemes and money grubbing bullshit. Fuck that.
Last console I owned was an N64. After I got a semi decent PC back in those days I never looked back. Sure, I missed plenty of amazing exclusives, but at this moment in my life, like you Tib, I have very little time to put into gaming, and I just don't have enough time to warrant investing in a console.
I've got my desktop hooked up to my 32" Full HD TV, sitting pretty with my wireless keyboard and mouse and from my latest count, my steam backlog, counting only the games I really have a great invested interest in playing, it would take over 300 hours to go through it all. And that's ignoring the dozens of more casual games I reserve for when I'm on my wife's laptop, the other dozens of games I've already played but would love to play again and my wishlist of games I haven't bought yet.
Before the new generation's announcements, I heard predictions that this generation of consoles would be the last. Honestly, I believe that might be the case. If consoles have become nothing more than brand-name PCs, I don't see the big selling point.
All work and no play makes me..., well, you know the rest.