Literary writing (or, if you prefer, imaginitive writing) has certain advantages of its own, none of them weakened one bit by technology. It can often be funnier than other kinds of prose. It can deal more humanly with sex. It can say shameful things about family life—not by treating them as scandals but, on the contrary, by showing that they're normal. More sins are confessed more deeply, through the screens of verse and make-believe, than you will ever find on a talk show or reality TV. Literature gives the best accounts of intimacy. Lena McFarland is right—you may not learn stuff you didn't know from a work of fiction. But there can be great comfort in seeing the troubles of daily life put into words of power and beauty.
And as David Foster Wallace observed, literature has a way of making you feel less alone. TV doesn't do that. It entertains and entertains, but there is a part of you it gives the silent treatment. In my experience, even the Web can you leave you feeling lonelier, once you turn off the computer. Fiction and poetry connect you, or they can, to something bigger and quieter and more lasting than the day you had at work. The question of posterity is fascinating. Some writers hope to live on, through their words, after death. Some write for the present day. Either way, they take us out of the moment and out of our smallest selves.
I find this all to be true. Read all of it.