The game is Alan Wake. Released in May 2010, the storyline follows the main character, a bestselling thriller writer who has lost his muse. In an attempt to restore his mojo, he and his wife vacation in Norman-Rockwell-esque Bright Falls where the small, idyllic town slips into six ways of creepy. Characters from Alan's books haunt him and soon he can't distinguish fantasy from reality. It's television-quality, episodic, and the first of many chapters to come.
The trailer looks amazing. Too bad I have my own manuscript pages to uncover instead of the ones hiding clues in Alan's world.
Last virtual-reality game played: X-files (I know! So last decade)
What computerized games make you lose track of time?