spirituality - is there a catch?

Spirituality - The word is so often used in front of us these days that its hard to understand if its actually a phenomenon or experience worth all the hype or if its overrated. Is it possible that all our enthusiasm about learning meditation, spirituality, past life regression etc is only a way to escape our innermost fears...of facing life's realities, of distracting from what is in front of us. 

Well, I have been able to address this doubt in my own self but would like to hear if anyone else here has faced these doubts in their mind before.