In my case, I'm more interested in bigger game worlds with better quest design and storytelling, and less interested in the most demanding graphics functionality.
Witcher 2 runs like crap on the lowest settings, but I'm pleased that I can run Skyrim and many other games on my laptop at 1920x1080. I would prefer not to have to buy a gaming desktop in order to play games at 1080p resolution.
If the prevalence of console hardware means that developers must devote resources to better optimization so that games run well on weaker hardware, I'm glad to benefit from this trend.