IMO the only advantage for Consoles is cost. Reliability CAN be an issue, but with 2000 and XP it's not much of one. Performance, Graphics, flexibility goes easily to the PC (I've had one of those headset thingies for a while now... not only can I talk to other players over the internet, but it has voice recognition built in too)
In the end, if you can afford a decent mid-range pc and a hot graphics card you're WAY better off with a PC IMO.
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