http://www.time.com/time/magazine/article/0,9171,910405-1,00.html
On one end there is Reuben Fine and his book "The Psychology of the Chess Player", where chess players appear more of basket cases, with repressed sexual urges, repressed aggression etc. Reading this makes you wonder if playing chess (and actually enjoying it) is actually a sign of mental illness. Then, all the data out there are showing that an active mind will less likely to descend into senility and playing chess (or other thinking games) may actually help to delay the knocking of the Alzheimer's. I think the answer is moderation; solving tactical puzzles for 5 hours on Sunday while missing out on everything else is certainly not OK. For me chess is a constant mental performance check and monitoring my (by now limited) learning ability. At the end chess is for you what you make it to be.
The lack of randomness, at least to me, is actually a con. I believe that was partly one of the big motivations for developing variants like 960.