No i don't think your gonna see consoles ever become upgradeable in that way.
remember Sega Genesis add ons and the N64's memory expansion, they didn't catch on with the public.
People are content/happy/excited (however you wanna use it) to have a great looking games on an easy to use box that you only have to upgrade it every 5 or so years.
I say great looking because regardless what the hermits will throw on the screen, the vast majority of people would agree it looks great, but then in comes apparent costs and maintainence, trouble shooting and all the downsides (or upsides depending what type of person you are) when dealing with PC, usually scare off most people i know.
I think the death of the consoles is gonna happen if something like Onlive and Cloud-based gaming really takes off, but for it to work there needs be a well integrated internet set up which at least the United States does not have quite yet. But i don't think it would be so much the 'death' of consoles but rather the rebirth. The cheaper way of playing very high end games with no worries of having a static box. Sort of like the ultimate PC/console combination. the user doesn't have to upgrade and it is always looks the best, given how good the user's internet connection is.
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