Consoles also have the benefit of standardization, plus major companies with consumer relationships. And console-makers would still be well placed to act like s

Consoles also have the benefit of standardization, plus major companies with consumer relationships. And console-makers would still be well placed to act like studios. So consoles would still probably be consoles, but the economics would be different. The economies of scale for manufacturing and game development would still apply, though, so it definitely wouldn't be just like PCs.