It depends on the game. The e-sports community is making headways, with things such as the "starcraft bars" and stuff. It's not the same, but there is effort being made in the field.
I could watch competitive Starcraft with a good shoutcaster for weeks. And I don't simply say that as a former Blizzard employee, though BlizzCon helped me see how fun progamers can be to watch at their peaks.