A new machine with a fixed gfx processor and fixed cpu would mean that coders would have to do their very best to get the most out of it, these days however a lot of pc coders prefer to wait for faster hardware in order to get their stuff working at decent speed, it's easier than to "get the most out of it" like most Amiga coders do ....
With HD games, Xbox 360 and PS3 forces programmers to be efficient.
My laptop(with Geforce 9500M GS, which is based on H2 2007 Geforce 8600M GT) can play console ported HD games** at 720p HD and high details.
**Most PS3 and Xbox 360 games runs at 1280x720p HD.