This just punishes people, like me, who buy more games. As it is now, there's a $300 or so price of admission, after which you simply fork over $60 (both figures in USD, by the way). By your suggestion, more frequent gamers would be punished for their passion by having to pay for everyone else's consoles. Furthermore, cost is the only thing to keep supply in correlation with demand. If everyone was entitled to their own free console, how would companies determine who gets them (not to mention that it would be prohibitively expensive for companies like Sony and Microsoft)?
Basically, the current system works fine, and balances supply, demand, and consumer happiness quite well (in my humble opinion). To employ a rather tired cliche, why fix it if it isn't broken?