A console priced PC, with decent performance? ($300)

[pluberus]

I've been thinking about this for a while, but is it possible to create a console priced PC (~$300) that will play console games (their PC versions ofc) at low-mid settings with performance that is at least on par with a console (30+ fps)?

(On a related note, what is the most demanding console game that is available on PC?)

I recently built my own PC, so I don't really need build help. Just wanted to get your thoughts on this.

EDIT:
Here's what I came up with, but its missing the OS. =\
http://secure.newegg.com/WishList/PublicWishDetail.aspx?WishListNumber=24422128

 

[008Rohit]

I couldn't see your wishlist on newegg because I'm browsing from my smartphone.

The build listed below would deliver a GOOD performance in PC games :

Processor : Intel Core i3 2100 - $124.99
MoBo : ASRock H61M-VS - $59.99
RAM : Corsair 1x4GB DDR3 1333 - $22.99

Graphics Card : PowerColor AX6670 1GBK3-H Radeon HD 6670 1GB - $59.99 - http://newegg.com/Product/Product.aspx?Item=N82E16814131440

Hard Disk : Seagata Barracuda .12 500GB SATA II - $25.99

Power Supply : Corsair CX 430W - $34.99 - http://newegg.com/Product/Product.aspx?Item=N82E16817139026

Case : GIGABYTE gz-ph1a3 ATX Mid Tower - $21.99 - http://newegg.com/Product/Product.aspx?Item=N82E16811233061

Total : $350 after rebates

 

[jaguarskx]

I hope you know that consoles are sold at a loss meaning it cost more to make them than the price they sell at. The money is made back from game licensing.

 

[jaguarskx]

(On a related note, what is the most demanding console game that is available on PC?)

That's probably going to be GTA 4 because it was a very poor port of a console game.

 

[jmsellars1]

Metro and Crysis are two more. Also, that above build is great but i would get 2x2GB RAM.

 

[008Rohit]

^^

I know the advantage of dual channel memory, but that MoBo has only 2 RAM slots. So you can't add another one in the future if you go for 2x2GB. So, getting a 4GB in future is a better option IMO. Then it'll be 2x4GB.

 

[pluberus]

Best answer selected by Pluberus.

 

[jaguarskx]

Metro and Crysis are two more. Also, that above build is great but i would get 2x2GB RAM.

Crysis was never released for the Xbox it was only released for the PC.

Crysis 2 was released for the Xbox, but it is it much less demanding than Crysis.