Such rubbish.

Playing a video game has been shown to increase the reading level of some children.

Reading books does too

Video games can open a child up to developing an interest in new things.

Reading books and being active with their parents does too.

There are a great many Playstation 3 games that can require over fifty hours of complete concentration in order to successfully be able to complete that game.

So does finishing a novel

I like playing video games. I also acknowledge that they are a distraction to more fruitful endeavors

Yes! Yes! and Yes! If you must play games, at least get a Wii.