This is good news.  The bad thing is, Blizzard doesn’t exactly have a track record of timely releases.  They took forever to release Diablo 2 (mainly due to extensive revisions to Battle Net), and don’t even get me started on the 1.10 D2 patch…
So I’m not getting all excited just yet.
On PC vs. Console sales:  Is it really accurate to compare game sales of every single console out there to the PC?  Given the number of people that will always own PC’s for purposes other than gaming, I think it will always be a viable platform to play games on.  I’ve been hearing BS about PC vs. Consoles since the Atari Days and I’m sick of it.   Neither is going to die out.  Period.  Also, consoles and PC’s are NEVER going to merge.  You make a PC that hooks up to your TV and can be put in your living room, or release MS Office for the Xbox packed in with a mouse and keyboard, it doesn’t matter.  PC’s will always exist, and consoles will always exist, and the twain shall never meet.  Sorry, I had to get that one off my chest.
Diablo 2 has to be one of the better selling PC games.  I remember reading last year that it was still on the top 20 list of PC games sold (Sorry I don’t have a cite).  Considering how long ago it was released, that’s quite an accomplishment.   I agree that it seems to be a logical move to release the Diablo series (and probably WoW) for the consoles, but for whatever reason, Blizzard has chosen not to do so.  Oddly enough, the first Diablo was released for the original Playstation (and was surprisingly good).  Then again, perhaps the experience soured Blizzard on consoles (the PS version had a limited release and is somewhat rare).
BTW, does anyone play Sacred?  I played it a bit when it first came out, and noticed that Sacred 2 has been announced for both the PS3 and Xbox 360.  It’s not Diablo, but Sacred 1 was a pretty decent game with a similar style, nice graphics, huge game world, and closed servers.  It had some neat features, like horses, a combo system, and a “pick up everything lying near you” key.  Haven’t played Sacred gold or Underworld (the expansion) though, so I’ve no idea what the current state of the game is.
Not sure if I’d rather Diablo continue to be free to play online, I’ve mixed feelings on paying to play.  On one hand, charging to play D3 on bnet will hopefully keep the retarded 10 year olds out, and give Blizzard some incentive (and money) to keep up with hackers and cheaters.  On the other hand, they might put in a half assed system like Hellgate: London or Dungeon Runners where free and paid players can play together, in which case you’re basically paying a fee for better items and exclusive areas.
It’s really a shame about Iron Lore (the creators of Titan Quest).  TQ was pretty much a straight rip off of D2 thrown into a Greek mythology setting, but it was a pretty good game.  I wonder how much better it would’ve been if they had closed online servers a la bnet, but I guess we’ll never know.  I was really hoping they’d release a TQ2, maybe with a Norse mythology theme, but it was not to be.  R.I.P. Titan Quest.