Like Beardman, my younger brother was an extreme video game addict, and still is to some extent, but thankfully has snapped out of it (a little).
But like some of the guys here who gamed too, I've just reached a point in my adult life where my money is better spent elsewhere, like on books and my time is better put to other things, like work and personal hobbies and projects.
And the ladies, let's not forget!
I'm going to play devil's advocate though and say that people tend to blame/demonize things they don't understand...parents, politicians and adults look at video games, and if they're Baby Boomers, and not part of Generation Y or X who either grew up with Atari/NES or Nintendo 64/Playstation, they generally have no understanding of how video games even work, from knowing what game goes with what console to the basic set up of controls.
They even commit the mortal sin (even our contemporary president Barack!) of calling video game consoles "The video game." It's games with an S! hahaha :-p
And it's not as if films and books haven't been demonized by culture for somehow perverting youth.
And yes, there's an addiction associated with video games. But what would you call my or my parent's watching of Netflix for hours each day? How is this different?
Ultimately, the medium isn't at fault, and it is a matter of personal responsibility. You decide to play the games. You decide when to walk away or not participate.
So finally, after that long rant in support of video games, would I give video games to my theoretical children?
The answer is no.
The problem with video games, but also with the Internet, Facebook, Twitter, iPhones, iPads and tablets is that these virtual devices are keeping our kids from cultivating an attention span for reading, as well as keeping them socially isolated.
Video games, iPads and tablet computers, and iPod Touches keep our kids indoors and isolated as opposed to going outside to play in the snow, play sports, and also make our kids obese.
These devices even keep young adults isolated. Hop on any T in Boston and you'll see dozens of people on iPods and iPads. Sometimes these kids will be in groups with their ipods/ipads and laughing at what they're doing on them, as opposed to talking face to face.
Now the above ^^ might sound like fear mongering, but I'm witnessing it with my younger cousins (aged 5-11) who have been given iPads/iPod Touches from their parents.
I didn't own my first computer until I was 16! Which I am thankful for, because my parents limited my access to computers and video games, and that allowed me to appreciate...BOOKS.
As someone who has loved video games, movies, etc, I can tell you that none of these ultimately beats the power and enjoyment of a book, and I'm in my early twenties in a generation obsessed with screens of all shapes and sizes.
Books are educating, books cultivate/hone you ability to focus for a long, extended period, and books don't give me bad headaches or migraines from an excessive assault of guns and explosions the way video games and action movies do.
Books also make you smart. If you read enough, you'll be "that hot educated guy" at the party who can discuss George Orwell and Dickens at a dinner party and impress the educated ladies.