There are no savings to be had. What you don't pay one way you pay another.
>much more reliable (i never have to mess with drivers, updates just work, etc...)
So do you not own a computer? How do you avoid dealing with those issues, otherwise?
If I want to play a video game, I turn on my PlayStation and it just works and I don't have to think about it or troubleshoot anything. This has not been my experience with PC gaming.
What I didn't expect was how fast the consoles would catch up to PC gaming in terms of hassle, complexity, slowness, unreliability, and potential incompatibilities. PC gaming did make some progress compared to when I was juggling boot disks and editing AUTOEXEC.BAT, but consoles got so much worse so fast. In my opinion, the last time consoles were noticeably simpler than playing on PC was probably about 15 years ago.