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CBS News' Dick Meyer seems to get it with this July 1 commentary.
Now, I have paid close attention over several years to the research about the effects of television, video games and the Internet on children's behavior and their neurological and emotional development. And I can assure you, beyond any shadow of a doubt, that the research is conclusive. Find a paper that says video games rot a kid's soul and I'll find one that says they enhance the function of the inferior cerebellar peduncle.
Read his thoughts here.