This article states that a study found that children's time spent gaming meant less time reading or doing homework, but not less time with friends and family. http://news.com.com/Study+Video+game...l?tag=nefd.top
As one of the proud representations of the group that didn't spend a lot of time on homework, I must disagree with the article. As much as I would love to say that my reason for not doing homework was because i was "doing research" for my future career, I must say that it was the other way around; I played games because i spent less time doing my homework. I chose not to do homework for the simple fact that homework sucked, and games kick a$$.
As for nowadays, I don't know about everyone else, but games interfere with all aspects of my life.