I also really, really second this. I am currently studying and took some interest in how other parents managed the situation (because of how my parents dealt with it).
If your life revolves around your kids you have to keep in mind that this is not for life. Loosing all your hobbies and all your friends will lead to a bad awakening when you realize that your previously laughter-filled house is now quite, your children left for university and only you and your partner are sitting at the dinner table. Now the house is too big, there's nothing to do in the evenings and you're kinda lost.
A suprising amount of marriages failed and some parents really lost their way. When you don't have any real friends, friends that help when you struggle, it gets tough. You can't fill that void with half-assed hobbies. Eating out on wednesday and going to the gym on friday are probably not really helping.
Writing this, I think I realized something. I think one of the problems is that parents understimate the speed of change and are taken fully by suprise when they move out. One moment they are 16, quite grown up but you still notice the children in them. But then they turn 17 and then there's only one year left until they move out, until they live by their own and explore the world on their own. They maybe move to another city and that turns your complete life upside down. That's a rapid change and it's only 2 years.