for the price of Xbox one and PS4 with their peripherals about 500$ you can get something that looks like this ( which is much better ) :
PCPartPicker part list:
http://pcpartpicker.com/p/yM66NG
Price breakdown by merchant: http://pcpartpicker.com/p/yM66NG/by_merchant/
CPU: Intel Pentium G3258 3.2GHz Dual-Core Processor ($69.99 @ Amazon)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.99 @ Micro Center)
Motherboard: ASRock H81M-HDS Micro ATX LGA1150 Motherboard ($49.99 @ Micro Center)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-2133 Memory ($76.50 @ Newegg)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($51.99 @ NCIX US)
Video Card: Sapphire Radeon R9 270 2GB Dual-X Video Card ($164.99 @ Newegg)
Case: Enermax ECA3253-BW ATX Mid Tower Case ($39.99 @ Amazon)
Power Supply: EVGA 500W 80+ Bronze Certified ATX Power Supply ($48.91 @ Amazon)
Total: $532.35
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-08-13 03:15 EDT-0400