Is Intel killing PC gaming?

I'm just heading back to London after a quick visit to the Develop in Brighton conference, where some of the gaming industry's biggest developers are banging their heads together.

I was there to hear Mark Rein of Epic (they make games like Unreal Tournament) railing against Intel's dangerous influence over the PC market - and in the most extraordinary manner.
"I'm concerned about the level of growth in the PC games business," he told the audience, pointing particularly to the strategy of rolling out integrated graphics in computers rather than dedicated ones. "A $900 PC is nowhere near as capable as a $299 XBox 360 console: we're losing PC gamers in record numbers."

Rein placed the blame firmly at Intel's door, for an approach to the computer market that tended to go for the lowest common denominator.
"The high end is getting higher and the low end is getting lower," he said. "But even if somebody spends $1,000 on a graphics card, we're still only making $25 from them."

News-Source: http://blogs.guardian.co.uk