I agree hacking has been growing out of control, but there is hacking for consoles it is just not as common because it is harder to do at the moment but eventually it will be easier to do as consoles grow more and more likes PCs.
Most likely I will pick up Battlefield 3 for the XBOX 360 as much as I hate to but rather then deal with hackers on the PC.
Also True Windows 7 games are supposed to eliminate hacking a lot more because of the software modification detection and reporting.