Doesn't this really depend on the definition of "consciousness". If "consciousness" is the "experience" itself rather than the "analysis of that experience", then your point does not apply (for then, it would be impossible to "observe" through meditation without being "conscious" of the observation). In my view, the fundamental problem is not the "analysis" part of our experience but that there should be any individual "experience" at all. Why isn't the body able to fully function without a self-based experience related to that functioning?