I pretty much agree with you SantoUno, but I consider pretty much everything a waste. There are certain things I do that I consider to be more productive than others. Reading is one thing. At least when I read, I'm learning. Working out is another thing. At least then I'm staying healthy.
Mostly, I look at life and figure I'm just killing time until I die. Most things are a waste of time, but one day you're gonna' be dead and nothing you did is gonna' mean shit, anyway. So if you want to fill the void with video games, I say go for it. That's what I'll be doing.