Some nights I play Bioshock. Some nights I work on my (hopefully innovative) Haskell project. Some nights I watch a movie and some nights I write for my blog. Sometimes at work I listen to music and sometimes I just buckle down and code. I've been fighting with distraction lately, but with some success.
I like my life much better now than 20 years ago, when I was in (very easy) school, had tons of free time, and hardly anything to do with it but read books and play video games because even my local library had hardly any resources that would teach me how to do anything. (Oh, if only I had found a primer on writing assembler for my computer...)
I will say, though, that getting off the marketing treadmill is very important. I just canceled my cable in favor of an electronic video approach with a special emphasis on not getting advertised at anymore (in particular I just had a son, and I want him to grow up in an environment not shared with whatever multi-billion dollar company buys its way into my house), and while I don't run adblock in my browser, NoScript comes close enough for practical purposes. I now pay only minimal attention to things like gaming news, because it's way better to find out something cool came out a year ago ($15) then to anxiously await something coming out in six months ($60). The only reason I pay any attention at all is my taste for games that are only on the shelves for a week (thanks, Atlus).
But with that proviso, what we have here is an abundance of wealth, and I for one prefer the problems of wealth to the problems of poverty. If you have a problem, deal with it. No, seriously, deal with it, whatever it takes. Because it's not likely to get much better, barring total social collapse. Even the recession/depression at most will slow down the production of new distractions.