This, to me is the only reason to justify having a console, it is the main reason I have my consoles (Saturn, Dreamcast, N64, PS3) setup in a gaming room downstairs and my mates can bring their games over and we can have a gaming session 4player on Mario Kart 64 for example.
If you take away this then you might aswel just use a PC since it does everything better, including all this TV nonsense they are blabbering on about.