Playing devil's advocate, I can understand the point because I already think in terms of value per hour.

That's why I can justify buying a less critically acclaimed game with more replayability than I can justify one that you realistically can only play once (starfield vs latest COD). And why I generally don't play mmo's because I can get a new game each month for $10, or play a $60 for a year straight. The total number of hours I have in a game like Red Dead Redemption 2 or GTA 5 is crazy compared to how many hours I had in the last battlefield.

But it's not just about total hours. My first playthrough of Outer Wilds, Subnautica, and BioShock, were each more "valuable" than the time I spent in GTA, even though I've spent 10-100x the time in GTA. Then you've got games like Prey and Minecraft that have high replayability that is consistently high "value" time.

Games currently have an insane value/cost ratio. When compared to a theatre movie that costs ~$10/h, you'd have to have a phenomenal time. Especially compared with the cost per hour of a game like Skyrim or Baldur's Gate where you have to spend like a thousand hours just to get the whole story of the game.