Using the console is nothing like a cheat code. It takes so much effort to track done codes and specific item numbers, that any "toggle" would not be a deterrent. To use a console to give me a magic ring require a lot of effort on my part in reading the TES wiki, which means any option to disable it at the menu is just an extra button to push.
You are suppose to feel bored after ruining the game for yourself by using console to break the game. That's part of the learning experience. That's how all of us learned self control; by making mistakes and learn to not repeat it.
You aren't supposed to feel any way. I'm sure there are plenty of people that use the console a ton and still love the games. Obviously it will ruin it for others. My nephew's friend for example within twenty minutes of playing the game took out a notebook and made a chart of various item codes and such. She was having a blast not even questing just breaking the game and doing crazy things. It's not how the game is designed, but she had fun with it!
Personally if I use the console (unless my save would be broken such as one time I got stuck in geometry in an Oblivion plane and couldn't get out normally), I save in a different file and then just have crazy fun. One of my best memories of Oblivion was when a cousin was over and I made it positively rain watermelons by turning off physics, duplicating the watermelons and placing them in mid air, then landing and turning physics on to see them rain down and fill up a temple. We had to find the right balance of watermelons to increase the craziness while not crashing the game...