consoles aren't about the hardware
yeah they're about limiting the software while still doling out money hand over fist
people who still play on consoles for anything other than exclusives are only hanging on because of tradition and imho it's a tradition that's killing modern gaming
edit: To clarify though the direction nintendo has been taking for the past few years strays away from the dangerous territory of just becoming outdated and outclassed hardware. When you get to a point where there's no reason not to use a PC instead of that certain console, anything created on the console first, or specifically for the console, is limited to the constraints of the hardware.
Nintendo consoles are good on having unique features that makes it stand out from just being a weaker piece of hardware, and that's why I prefer nintendo consoles over all else.