These threads always bring out people's most doom laden, apocalyptic tendencies. PC gaming isn't 'the worst it's ever been'. It also isn't 'the best it's ever been'. Gaming, as a whole, is in a fairly dire state right now, and so many of the games that have problems on the PC are broken on other platforms, too. That's not an indication that it's the platforms - something has gone wrong with software development. I think that what we have seen is a sudden spike in the requirements for a capable gaming PC, and a lot of people got caught with their pants down, thinking that their 3080 systems would be good to go for 5 or 6 years.
There are a few things that are true here, I think. PC gaming has always been expensive and niche. Particularly at the high end. It's an enthusiast hobby, for enthusiasts. It isn't meant to be 'for everyone', and it certainly isn't meant to compete on price. Pointing out how cheap a PS5 can be bought for is utterly meaningless. But, I think that during the early 2010s, a lot of people became 'PC gamers' due to the rise of streaming, F2P games, and Steam's notoriety for sales, and at the time, low/mid-tier builds were competitive with the PS4/XBO due to the fairly limited performance of those systems. That was never going to last.
So, PC gaming is back to where it was in the 1990's. It's an expensive hobbyist space for enthusiasts who have the time and money to do it. Yep, there's busted ports, that should never have seen the light of day. Situation normal. Situation annoying, certainly, but normal. My 12900k + 4090 build can power through anything - Jedi Survivor is a terrible, terrible technical mess, but when I play the PC version, it's still better than the PS5 version.
Full disclosure - I own all of the platforms. For the last 12 months, I've actually spent a lot of time with the PS5. I bought many games on the PS5 instead of the PC, because I had a 3080 build that was rapidly aging. I love the PS5 - weirdly, Gran Turismo is one of the best games I've played in years. But, a PS5 doesn't scratch the itch like a PC does. So, I'm moving in the opposite direction to Jayztwocents. After upgrading, the PC is the platform I'm most happy with, despite it's challenges. And, paired with a Steam Deck? Unbeatable. If you can afford it, and have the time.