jamyskis: I dunno, the Americans did a good job with the Atari 2600 in its day, and the Atari Jaguar and Lynx were both fine consoles, despite their technical shortcomings (the joypad with the Jaguar, and the battery use and weight of the Lynx) :-)
I was going to name some other good non-Japanese consoles, but you're right - they've all been shite.
Well, everything was different back then, the market was smaller and more niche. You even had Pools of Radiance and Bard's Tale ported to the NES (and SSI & Interplay had Japanese companies do it), for example, and even back in those days games were made for keyboard and/or mouse control primarily, and then ported to a controller with smaller buttons.
Why I mentioned Japan specifically is because it seems to be the last remnant of that traditional mentality of seeking out specific niches and designing for one platform, and then if it's successful port it elsewhere. The mainstream American industry is way too consolidated is ever go back to that kind of mentality, it's all about selling to as broad an audience as possible, even if in trying to sell to everybody they end up pleasing no-one.
I say mainstream because there's every chance that due to Kickstarter a new breed of mid-sized indie studios which focus on PC may develop, which looks to be happening.