I'm pretty sure that there's little worth watching
I disagree. TV offers up a lot of quality entertainment. HBO original programming is top notch. The Discovery/Science channel, The History Channel, PBS all continue to offer quality stuff and network TV can do a decent job as well. The West Wing, Scrubs, The Simpsons, Malcolm in the Middle all offer good writing and engaging storylines. There is quality material out there.
On the other hand I feel like the gaming industry is where TV was in the 60s and 70s. There are a few quality titles but most of what is available on store shelves are simpy reruns of successful titles now 4 and 5 years old. There is very little going on in terms of original gameplay.
Until the game industry can open up additional distribution channels I doubt it will change any time soon.