You need to realize that both Sony and Microsoft are selling console hardware lower than the actual price. That is because they will get that money back from games. Nvidia needs to earn money from hardware only.
And I expect that PC will be a much better gaming experience.
It will be like it is now. Consoles get great looking games at 30 FPS and PC gets unlocked framerate and way more bells and whistles.
Nvidia new GPUs come at least one month before AMD's (end of October, November). Better be great products if they want to sell any GPU, last time Nvidia had the advantage releasing 2070S/2060S knowing how RDNA1 performed.