Most people over the age of 30 don't understand kids and their video games. They just see it as a way for them not to do their homework. But back when they were kids they didn't have the things we have now, like video games or electricity.
But playing games is a way to forget about your troubles. Love life. Grades. And bad home life. I know adults who have played games as a hobby, and they don't think that it's bad for you.
But I know that playing video games 24/7 is bad for you. Just a few hours a day won't hurt. It's a matter of control. Games are fun, and as humans we need fun in our daily affairs.
And as far as not reading, most games you have to read to be able to keep up. Like RPG games, (role playing games) you read most of the time with the exception of a few here-and-there cut scenes.
As educational hands video games are not given enough credit. I myself had help learning to read by playing games like Poke'mon when I was younger. People need to take a second look at games.
But with a little control, video games are harmless. No matter what anybody says, they are. The real problem is that they are expensive, but you can just wait a few months for the price to drop. After a few months video games go from $50 to $20.