I said "Yes, but only with commentary", but that's not wholly accurate. I like watching video games being played if they're being played REALLY well, commentary or not - however, I will watch someone who has brilliant commentary play a game even if they're terrible at it. (Case in point - I'm currently watching YouTube's Tobuscus play through Amnesia: The Dark Descent. He's awesomely bad at it but his commentary makes me laugh out loud.)
I watched a friend play Silent Hill: Shattered Memories this way, mostly because once he found out you could shine your flashlight over your shoulder while looking back, the "World Goes Blue and Scary" sections deteriorated into an attempt at playing Red Light Green Light with the monsters. (They wouldn't play.)