Similar situation here. With the time constraints imposed by kids you have to drop entire categories of activities, not just moderate them, because the baseline time commitment ("oh god, last time I played this was 2 weeks ago and I only played an hour then—I have no idea WTF was going on or how the controls work") and money (PC upgrades every couple of years, new consoles) required just can't be sustained at the incredibly low levels they'd have to to fit in with kids plus a bunch of other things.
You kinda have to pick 3-4 things to focus on and drop the rest entirely, not just cut back. If one of those is "stay sort-of in shape" then you're really limited. Most gaming just doesn't fit in any more. :-/