You don't even need to cheat on consoles, most games come built in with it, I think they call it aim assist. Or you can just use a keyboard and mouse and suddenly your better than all the controller users.
Aim assist doesn't let you violate the in-game mechanic rules to generate impossible events over the wire to other players. Most PC games are vulnerable to this. Most console games aren't. Its quite refreshing that the worst cheating I've seen in 5 years has been artificially-induced network lag.
"Cheating" in video games is generally understood to mean using a technical means to gain an advantage not intended by the developers. So it's not that.