In general video games do not directly translate to real life. Acting out the events that you see in Gears of War, or Grand Theft Auto are generally not a good idea. However, I will concede that many video games can be beneficial do developing hand-eye coordination and general problem solving skills. casual games such as bejeweled, or immersive and advanced puzzle solving games like L.A. Noire can and do force a level of concentration and analytic thought that can be directly applied to real-world problems.
New and interactive gaming experiences pioneered by the Nintendo Wii and taken to a new level by the Xbox Kinect have created more immersive gaming experiences that take problem solving and interaction into physical realm. Guitar hero and Rock Band, while not as popular as they once were, have evolved into digital learning experiences that allow players to use real world instruments while gaming. We have truly fallen into the uncanny valley where virtual worlds meet real world interaction.
So are video games good for you? Like so many things in life… it depends. But always remember that the secret to additional life is… Up, Up, Down Down, Left, Right, Left, Right, B, A, B, A, Select, Start!